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LaplanteInc. usestheperpetual inventorysystem. Thefollowingtransac onstookplaceduring January 2 0 2 1 . Unit Date Units Cost Jan . 1 OpeningInventory 1 0 0 $ 1 7

LaplanteInc. usestheperpetual inventorysystem. Thefollowingtransac onstookplaceduring January2021. Unit Date Units Cost Jan.1 OpeningInventory 100 $17 Purchase#11029 Sale#18021 Purchase#220324 Sale#240 Required:Usingthetablebelow,calculatecostofgoodssoldfortheJanuary9and24sales,and endinginventoryusingtheFIFOcostflowassump on. Purchased(Sold) Balance Unit Unit Total Date Units Cost COGS Units Cost Cost Jan.1 OpeningInventory 100\times $1= $1007 Purchase#19 Sale#121 Purchase#2

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