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Clear Up Cleaning's post-closing trial balance at November 30, 2024, is as follows: (Click the icon to view the post-closing trial balance) Clear Up
Clear Up Cleaning's post-closing trial balance at November 30, 2024, is as follows: (Click the icon to view the post-closing trial balance) Clear Up Cleaning has decided that, in addition to providing cleaning services, it will sell cleaning products Clear Up uses the perpetual inventory system CED During December 2024, Clear Up completed the folowing transactions Click the icon to view the transactions) Read the reques Requirement 1. Prepare perpetual inventory records for December for Clear Up Cleaning using the FIFO inventory costing method. (Note: You must calculate the cost of goods sold on the 11th, 2, and 31 (adjusting entry a)) Round per unit costs to two decimal places. th Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. Complete the first half of the schedule in this step, and the remaining half in the next step. (Enter the oldest inventory levers fist Enter a decrease in quantities and total costs for Purchases and for Cost of Goods Sold with a minus sign or parentheses. Round all unit cost amounts to two decimal places. XXXX, and all nearest whole dollar.) Date Quantity Purchases Units Cost Cost of Goods Sold Total Units Total Inventory on Hand Unit Total Dec. 2 5 Cost Quantity 800 $10.00 $8,000 300 5 13.00 $ 3,900 Cost Cost Quantity 800 Cost Cost 10.00 5 8,000 800 $ 10.00 $ 8.000 mle Check answer
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