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Complete the following subsidiary inventory ledger using the perpetual FIFO method of inventory flow. Inventory Valuation Perpetual FIFO Date Purchased Units Unit Cost Units Sold
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Complete the following subsidiary inventory ledger using the perpetual FIFO method of inventory flow.
Inventory Valuation Perpetual FIFO Date Purchased Units Unit Cost Units Sold Unit Cost Inventory Units Balance Unit Costs Inventory Dollar Balance July 2 600 $12 $ $ Bal. $ July 5 200 $13 $ $ $ $ Bal. $ July 7 300 $ $ $ $ $ Bal. $ July 10 325 $14 $ $ $ $ $ $ Bal. $ July 12 300 $ $ $ 150 $ $ $ Bal. $ July 18 250 $13 $ $ $ $ $ $ Bal. $ July 22 50 $ $ $ 205 $ $ $ Bal. $ July 25 120 $ $ $ 180 $ Bal. $ July 28 330 $15 $ $ $ $ Bal. $ July 31 70 $ $ $ 5 $ End Bal. FIFO INVENTORY VALUATION: $
Complete the following subsidiary inventory ledger using the perpetual FIFO method of inventory flow.
| Inventory Valuation Perpetual FIFO | |||||||
| Date | Purchased Units | Unit Cost | Units Sold | Unit Cost | Inventory Units Balance | Unit Costs | Inventory Dollar Balance |
| July 2 | 600 | $12 | $ | $ | |||
| Bal. | $ | ||||||
| July 5 | 200 | $13 | $ | $ | |||
| $ | $ | ||||||
| Bal. | $ | ||||||
| July 7 | 300 | $ | $ | $ | |||
| $ | $ | ||||||
| Bal. | $ | ||||||
| July 10 | 325 | $14 | $ | $ | |||
| $ | $ | ||||||
| $ | $ | ||||||
| Bal. | $ | ||||||
| July 12 | 300 | $ | $ | $ | |||
| 150 | $ | $ | $ | ||||
| Bal. | $ | ||||||
| July 18 | 250 | $13 | $ | $ | |||
| $ | $ | ||||||
| $ | $ | ||||||
| Bal. | $ | ||||||
| July 22 | 50 | $ | $ | $ | |||
| 205 | $ | $ | $ | ||||
| Bal. | $ | ||||||
| July 25 | 120 | $ | $ | $ | |||
| 180 | $ | ||||||
| Bal. | $ | ||||||
| July 28 | 330 | $15 | $ | $ | |||
| $ | $ | ||||||
| Bal. | $ | ||||||
| July 31 | 70 | $ | $ | $ | |||
| 5 | $ | ||||||
| End Bal. | FIFO INVENTORY VALUATION: | $ | |||||
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