EX 6-3 Perpetual inventory using FIFO Obj. 2, 3 Inventory balance. Beginning inventory, purchases, and sales data for DVD players are as follows: November 30, $7,480 November 1 Inventory 120 units at 539 10 Sale 90 units 15 Purchase 140 units at $40 SHOW ME HOW 20 Sale 110 units 24 Sale 45 units 30 Purchase 160 units at $43 The business maintains a perpetual inventory system, costing by the first-in, first-out method. A. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. B. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method EX 6-4 Perpetual inventory using LIFO Obj. 2, 3 Inventory balance, Assume that the business in Exercise 6-3 maintains a perpetual inventory system, costing November 30, $7.465 by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. DIE BEPLATE EX 6-5 Perpetual inventory using LIFO Obj. 2, 3 Inventory balance. Beginning inventory, purchases, and sales data for prepaid cell phones for December are as December 31, 58,064 follows: Inventory Purchases Sales Dec 1 310 units at $88 Dec. 10 144 units at $90 Dec. 12 240 units IR EIGEL TEEPLATE 20 240 units at $96 14 166 units 31 200 units A. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4 B. Based upon the preceding data, would you expect the inventory to be higher or lower us ing the first-in, first-out method? EX 6-8 Weighted average cost flow method under perpetual Inventory system ON EX 6-3 Perpetual inventory using FIFO Obj. 2, 3 Inventory balance. Beginning inventory, purchases, and sales data for DVD players are as follows: November 30, $7,480 November 1 Inventory 120 units at 539 10 Sale 90 units 15 Purchase 140 units at $40 SHOW ME HOW 20 Sale 110 units 24 Sale 45 units 30 Purchase 160 units at $43 The business maintains a perpetual inventory system, costing by the first-in, first-out method. A. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. B. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method EX 6-4 Perpetual inventory using LIFO Obj. 2, 3 Inventory balance, Assume that the business in Exercise 6-3 maintains a perpetual inventory system, costing November 30, $7.465 by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. DIE BEPLATE EX 6-5 Perpetual inventory using LIFO Obj. 2, 3 Inventory balance. Beginning inventory, purchases, and sales data for prepaid cell phones for December are as December 31, 58,064 follows: Inventory Purchases Sales Dec 1 310 units at $88 Dec. 10 144 units at $90 Dec. 12 240 units IR EIGEL TEEPLATE 20 240 units at $96 14 166 units 31 200 units A. Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4 B. Based upon the preceding data, would you expect the inventory to be higher or lower us ing the first-in, first-out method? EX 6-8 Weighted average cost flow method under perpetual Inventory system ON