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I have all of it filled out except for the part where I have a blank on January 26. I tried to put 60 at
I have all of it filled out except for the part where I have a blank on January 26. I tried to put 60 at $ 2.40 but it says its wrong. please help
A company reports the following beginning inventory and two purchases for the month of January On January 26, the company sells 270 units. Ending inventory at January 31 totals 130 units. Units Unit Cost Beginning inventory on January 1 240 $ 2.20 Purchase on January 9 00 2.40 Purchase on January 25 100 2.54 QS 5-5 (Algo) Perpetual: Inventory costing with FIFO LO P1 Required: Assume the perpetual inventory system is used. Determine the costs assigned to ending inventory when costs are assigned based on the FIFO method Goods chied Cost per of units un Dain Perpetual FIFO Cost of Goods Sold of Cost per cost of Goods units Said sold Inventory Balance Cont per of units Inventory Balance January 1 240 50 $ 240 January 9 20 at 60 52.40 144.00 $144.00 Total January 9 100 $ 2.54 January 25 240 60 100 $ 2.40 $ 254 144.00 25-400 520.00 Total January 25 ola 200 January 26 240 5294 00 0.00 $48.00 30 at 100 S 240 5254 o al 254.00 132.00 Total January 26 Step by Step Solution
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