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Cost of Goods Sold Units Cost Total Date Oct 2 15 Units 8.700 14.500 Purchases Cost Total $12 $104.400 14 203,000 Units 8,700 111 [3]

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Cost of Goods Sold Units Cost Total Date Oct 2 15 Units 8.700 14.500 Purchases Cost Total $12 $104.400 14 203,000 Units 8,700 111 [3] Ending Inventory Cost Total $12 $104.400 [2] 14) 151 20 19,800 16] 18] 171 19] (10) (121 [13] The company accountant has prepared the following partial statement of income to help management understand the financial statement impact of each cost determination cost formula FIFO Average Sales $555.000 5555,000 Cost of goods sold Gross profit Operating expenses 186.000 186,000 Income before income tax Income tax expense (30% Net income fa) Fill in the missing amounts in the perpetual inventory schedule, assuming the use of the FIFO cost formula. Purchases Cost of Goods Sold Date Units Cost Total Units Cost Oct 8,700 $12 $104,400 2 15 14,500 14 203.000 Total 29 19,800 (total units sold) $ $ e Textbook and Media

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