Goods Purchased Date # of units Cost per unit # of units sold January 1 January 10 January 20 Total January 20 January 25 Total January 25 80 80 at $ 6.50 200 at $ 6.00 Perpetual LIFO: Cost of Goods Sold Inventory Balance Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance 150 at $ 7.50 = $ 1,125.00 110 at $ 7.50 $ 825.00 40 1 at $ 7.50 300.00 40 Co at $ 7.50 = 300.00 80 at $ 6.50 520.00 820.00 80 at $ 6.50 = $ 520.00 at $ 7.50 at $ 7.50 0.00 10 at $ 6.50 $ 520.00 at $7.50 Goods Purchased Date # of units Cost per unit # of units sold January 1 January 10 January 20 Total January 20 January 25 Total January 25 80 80 at $ 6.50 200 at $ 6.00 Perpetual LIFO: Cost of Goods Sold Inventory Balance Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance 150 at $ 7.50 = $ 1,125.00 110 at $ 7.50 $ 825.00 40 1 at $ 7.50 300.00 40 Co at $ 7.50 = 300.00 80 at $ 6.50 520.00 820.00 80 at $ 6.50 = $ 520.00 at $ 7.50 at $ 7.50 0.00 10 at $ 6.50 $ 520.00 at $7.50 Goods Purchased Date # of units Cost per unit # of units sold January 1 January 10 January 20 Total January 20 January 25 Total January 25 80 80 at $ 6.50 200 at $ 6.00 Perpetual LIFO: Cost of Goods Sold Inventory Balance Cost per Cost of Goods unit Sold # of units Cost per unit Inventory Balance 150 at $ 7.50 = $ 1,125.00 110 at $ 7.50 $ 825.00 40 1 at $ 7.50 300.00 40 Co at $ 7.50 = 300.00 80 at $ 6.50 520.00 820.00 80 at $ 6.50 = $ 520.00 at $ 7.50 at $ 7.50 0.00 10 at $ 6.50 $ 520.00 at $7.50