Me HO HO watthew Win Code de hers Date VI Total Cod OH Oy 4,00 OF 101, OFT 40 95.000 1.400x X AO X 70 AC 05 OP CE UTIE 1.600 40 14.000 KIT 2400 O XY DUESE ST t" Don't 5,000 o's K 2 11 Bao X DE 1.000 Perpetual Inventory Using FIFO The following units of a particular item were available for sale during the calendar year Jan 1 Inventory 4.000 units at $40 Ap 19 5ale 2.400 June 30 Purchase 4.700 units at $45 Sept. 2 Sale 4,900 units Now. 15 Purchase 2.100 units at $40 The fim maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the fleste fiest-out method. Present the data units are in inventory at two diferent costs, enter the units with the LOWER unit cost first in the cost of Goods Sold Unit Cost column and in the trivent Unit Cost column Schede cast of Goods Sold FIFO Method Purchases Cart of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total cost lan 1 4.000 10 160,000 Apt 19 2.400 40 06.000 1.400 x 40 56,000 1,600 10 56,000 30 4,700 45 211.500 4,400 45 211,500 > X 1.000 10 64,000 Sept. 2 1.000 x 35 3.400 X 45 54,000 X 153.000 x NO.15 2,100 1.000 x 45 96,600 54,000 2,100 46 92,000 X ances 313,000 X 141,600