find the answer to this problem.

Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales data for portable game players are as follows:

Apr. 1		Inventory	52 units @ $95
10		Sale	42 units
15		Purchase	22 units @ $100
20		Sale	17 units
24		Sale	7 units
30		Purchase	27 units @ $104

The business maintains a perpetual inventory system, costing by the first-in, first-out method.

Question Content Area

a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column.

Date	Quantity Purchased	Purchases Unit Cost	Purchases Total Cost	Quantity Cost of Merchandise Sold	Cost of Merchandise Sold Unit Cost	Cost of Merchandise Sold Total Cost	Inventory Quantity	Inventory Unit Cost	Inventory Total Cost
Apr. 1							fill in the blank 124d5f022fe2fed_1	$fill in the blank 124d5f022fe2fed_2	$fill in the blank 124d5f022fe2fed_3
Apr. 10				fill in the blank 124d5f022fe2fed_4	$fill in the blank 124d5f022fe2fed_5	$fill in the blank 124d5f022fe2fed_6	fill in the blank 124d5f022fe2fed_7	fill in the blank 124d5f022fe2fed_8	fill in the blank 124d5f022fe2fed_9
Apr. 15	fill in the blank 124d5f022fe2fed_10	$fill in the blank 124d5f022fe2fed_11	$fill in the blank 124d5f022fe2fed_12				fill in the blank 124d5f022fe2fed_13	fill in the blank 124d5f022fe2fed_14	fill in the blank 124d5f022fe2fed_15
							fill in the blank 124d5f022fe2fed_16	fill in the blank 124d5f022fe2fed_17	fill in the blank 124d5f022fe2fed_18
Apr. 20				fill in the blank 124d5f022fe2fed_19	fill in the blank 124d5f022fe2fed_20	fill in the blank 124d5f022fe2fed_21	fill in the blank 124d5f022fe2fed_22	fill in the blank 124d5f022fe2fed_23	fill in the blank 124d5f022fe2fed_24
				fill in the blank 124d5f022fe2fed_25	fill in the blank 124d5f022fe2fed_26	fill in the blank 124d5f022fe2fed_27
Apr. 24				fill in the blank 124d5f022fe2fed_28	fill in the blank 124d5f022fe2fed_29	fill in the blank 124d5f022fe2fed_30	fill in the blank 124d5f022fe2fed_31	fill in the blank 124d5f022fe2fed_32	fill in the blank 124d5f022fe2fed_33
Apr. 30	fill in the blank 124d5f022fe2fed_34	fill in the blank 124d5f022fe2fed_35	fill in the blank 124d5f022fe2fed_36				fill in the blank 124d5f022fe2fed_37	fill in the blank 124d5f022fe2fed_38	fill in the blank 124d5f022fe2fed_39
							fill in the blank 124d5f022fe2fed_40	fill in the blank 124d5f022fe2fed_41	fill in the blank 124d5f022fe2fed_42
Apr. 30	Balances