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Idaho Inc. is a wholesale company selling special parts for the automotive industry. The company uses FIFO and a perpetual inventory system. Its inventory records

Idaho Inc. is a wholesale company selling special parts for the automotive industry. The company uses FIFO and a perpetual inventory system. Its inventory records for part SA-123 show the following transactions for the month of May 2020:~ Date( Transaction Units Unit Units Unity t. Purchased Cost Sold Selling Prices May 14 Balance 180 $10.50 May 10 Purchase 750 $10.80 May 1547 Sale( May 203 (150)

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