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Compute inventory in a perpetual system using the methods of specific identification, FIFO, LIFO, and weighted average Knowledge Check 02 Intercontinental, Inc., uses a perpetual
Compute inventory in a perpetual system using the methods of specific identification, FIFO, LIFO, and weighted average Knowledge Check 02 Intercontinental, Inc., uses a perpetual nventory system Cornsider the folowing information about its invenitory on July 1, purchased 10 unts for $910 or $91 per unit On July 3, purchased 15 units for $1,590 or $106 per unit, On July 14, sold 20 units, On July 17, purchased 20 units for $2.300 o $115 per unt, On July 28. purchased 10 units toxr $1.190 or $119 per unt, On July 31, soid 23 units Cost of Goods Sold for July 31 Question Inventory Balance at July 31 Using FIFO, the cost of goods sold for the sale of 23 units on July 31 and the inventory balance at July 3t is select elect Using LIFQ the cost of goods sold for the sale of 23 s on Juyelect 31 and the inventory balance at July 31 are select Using weighted sverage, the cost of goods sold for the sale of 23ie elect select units on July 31 and the imvertory balence at July 31 are submit answer &continue easch
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