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Hi!!! I'm out of check my work and towards the bottom my total was incorrect. I just fixed it but i'm still not sure.... Can

Hi!!! I'm out of "check my work" and towards the bottom my total was incorrect. I just fixed it but i'm still not sure.... Can someone please advise me if this is correct????

Perpetual Inventory Using LIFO

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

Apr. 1 Inventory 38 units @ $41
10 Sale 31 units
15 Purchase 50 units @ $43
20 Sale 28 units
24 Sale 7 units
30 Purchase 31 units @ $45

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

Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4.

Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.image text in transcribed

Schedule of Cost of Merchandise Sold LIFO Method Portable Game Players Quantity Cost of Merchandise Cost of Merchandise Sold Sold Unit Cost Sold Total Cost Date Quantity Purchased Purchases Unit Cost Purchases Total Cost Inventory Quantity Inventory Unit Cost Inventory Total Cost Apr. 38 41 1,558 1 Apr. 10 31 41 1,271 7 41 287 Apr. 15 50 43 2,150 7 41 287 50 43 2,150 Apr. 20 28 43 1,204 7 41 287 22 43 946 Apr. 24 7 43 301 7 41 287 22 43 946 Apr. 30 31 45 1,395 7 41 287 22 43 943 31 45 1,395 Apr. 30 Balance 2,776 2,625

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