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Goldbike Company uses a perpetual First-In, First-Out inventory system. The following circumstances and events took place in the last quarter of 2021: FIFO Perpetual

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Goldbike Company uses a perpetual First-In, First-Out inventory system. The following circumstances and events took place in the last quarter of 2021: FIFO Perpetual Inventory Problem Number of Units $ Per Unit Beginning Inventory 42 $37 First Purchase 32 $38 First Sale 36 $67 Second Purchase 34 $39 Second Sale 38 $67 Third Purchase 30 $40 Third Sale 42 $67 Use the above information to create a 9-column perpetual inventory table to track the events and determine ending inventory as well as cost of good sold for the period using the FIFO approach. It is extremely unlikely you will be able to complete this problem without having watching some of the videos (and taking them to heart).

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