FIFO perpetual inventory Chart of Accounts FIFO Journal Final Questions Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending Date Transaction Total Number of Units 2,500 Jan 1 Inventory Per Unit $52.00 60.00 10 Purchase 7,800 $130,000 468,000 390,000 124,800 28 Sale 3,750 104.00 30 Sale 1,200 5 Sale 500 52,000 10 Purchase 104.00 104.00 62.00 109.00 109.00 16 17,500 8,600 8,900 Sale 1,085.000 937 400 970, 100 28 Sale Mar. 5 Purchase 14.200 903,120 63.60 109.00 14 Sale 10,200 1.111 800 25 Purchase 3.400 64.00 217.600 30 Sale 7.900 109.00 861.100 Instructions Check My Work