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Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using FIFO.

image text in transcribedComplete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using FIFO.
image text in transcribed
5. Beginning inventory, purchases, and sales data for widgets are as follows: 15 units 12 units 18 units 7 units 10 units April 3 Inventory 2 11 Purchase 14 Sale 21 Purchase 25 Sale $2 assuming the business maintains a perpetual inventory system and calculates the cost o Complete the inventory cost card merchandise sold and ending inventory using FIFO. Cost of Inventory urcnasesMerchandise Sold nit Total Unit Total Cost-ty. Cost Cost | Qty. | Cost | Cost Unit Total Date Qty. Cost Balances

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