eBook Show Me How Calculator Print Item Periodic Inventory by Three Methods; Cost of Merchandise Sold The units of an item available for sale during the year were as follows: Jan. 1 Inventory 40 units @ $122 70 units @ $134 Mar. 10 Purchase Purchase 20 units @ $138 Aug. 30 Purchase 70 units @ $142 Dec. 12 There are 80 units of the item in the physical inventory at December 31. The periodic inventory syster Determine the inventory cost and the cost of merchandise sold by three methods. Round interim calcu Cost of Merchandise Inventory and Cost of Merchandise Sold Inventory Method First-in, first-out (FIFO) $ Merchandise Inventory Merchandise Sold Last-in, first-out (LIFO) Weighted average cost Check My Work 2 more Check My Work uses remaining Print Item Calculator Show Me How eBook Perpetdal nventory osing Lo Beginning inventory, purchases, and sales data for portable game players are as follows: 54 units @$75 Inventory Apr. 1 45 units Sale 10 69 units @ $78 15 Purchase Sale 38 units 20 Sale 11 units 24 37 units @ $81 Purchase 30 The business maintains a perpetual inventory system, costing by the last-in, first-out metho Determine the cost of merchandise sold for each sale and the inventory balance after each sa Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER u the Inventory Unit Cost column. Schedule of Cost of LIFO M Portable Gan Purchases Unit Purchases Total Quantity Quantity Purchased Cost of Merchandis Unit Cost Date Cost Cost Sold Apr. 1 Apr. 10 Apr. 15 Check My Work 2 more Check My Work uses remaining .kea Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Cost of Merchandise Sold Total Cost Cost of Merchandise Sold Inventory Quantity Quantity Purchased Purchases Total Quantity Cost Purchases Unit Cost Date Unit Cost Sold Apr. Apr. 10 Apr. 15 Apr. 20 Apr. 24 Apr. 30 Apr. 30 Balance