Houses is Howell, H... MyVeteransUnited eBook Show Me How Calculator LIFO Perpetual Inventory The beginning inventory for Dunne Co. and data on purchases and sales for a three-month period are as follows: Number Date Transaction of Units Per Unit Total Apr. 3 Inventory 25 $1,200 $30,000 8 Purchase 75 1,240 93,000 11 Sale 40 2,000 80,000 30 Sale 30 2,000 60,000 May 8 Purchase 60 1,260 75,600 10 Sale 50 2,000 100,000 19 Sale 20 2,000 40,000 28 Purchase 80 1,260 100,800 June 5 Sale 40 2,250 90,000 16 Sale 25 2,250 56,250 21 Purchase 35 1,264 44,240 28 Sale 2,250 99,000 Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one ilustrated in Exhibit 4, using the last-in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column Dunne Co. Check My Work 2 more Check My Works remaining Next All work saved Save and B Submit Assigent for Grading 743 PM 40 9/12/2020 a * apps P Mallory Grades and.. 7 Canvas ESPN Typing Lessons | Be. Michigan State Un.. Vet To GVSU Admissions Houses is Howell, MyVeteransUnited Homework ebook Show Me How Calculator Required: 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last in, first-out method. Under uro, units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column Due De Schedule of Cost of Goods Sold LIFO Method For the Three Months Ended June 30 Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Apr. 3 257 12,000 X 30,000 25 12,000 X 30,000 75 1,240 93,000 93,000 75 93,000 1.240 12.000 X 25 30,000 Apr 11 2.000 10,000 X 35 1.240 43,400 10,000 60,000 25 12,000 X 30,000 30 Apr 30 2.000 X 60,000 X 6.200 1,240 12.000 25 X 30.000 1,260 75,600 5 May & 1,240 6.2007 60 1,260 75,600 Check. My Work 2 more Check My Votes remaining All work saved Submit sonnent Score: 70.64% o Type here to search a Hat M3 Homework ebook Show Me How Calculator 25 1,200 30,000 V May 10 50 2,000 x 1,000,00 X 5 1,240 6,200 10 1,260 75,600 X 20 X 2.000 x 40,000 x May 19 20 1,200 BO May 28 1,260 100,800 24,000 BO 1,260 100,000 40 100,800 June 5 20 1,200 24,000 40 2,250 X 56,250 40
