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Homework: HW 5 Save Score: 0 of 3 pts 1 of 10 (1 complete) HW Score: 0%, 0 of 30 pts X S5-3 (book/static) Question
Homework: HW 5 Save Score: 0 of 3 pts 1 of 10 (1 complete) HW Score: 0%, 0 of 30 pts X S5-3 (book/static) Question Help Score More Sports uses the FIFO inventory method. Score More Sports started December with 10 helmets that cost $54 each. On December 19, Score More Sports bought 15 helmets at $52 each On December 28, Score More Sports sold 12 helmets. Prepare a perpetual inventory record for Score More Sports Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first) FIFO: Purchases Cost of goods sold Inventory on hand Unit Total Unit Total Unit Total Date Qty Cost Cost Qty Cost Cost Qty Cost Cost Dec 10$ 54 $ 540 1 19 Enter any number in the edit fields and then click Check Answer parts Clear All Check An
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