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Monomaniacs Inc. makes use of a perpetual inventory system for the goods it sells. During January 2021, the following transactions took place: Date January
Monomaniacs Inc. makes use of a perpetual inventory system for the goods it sells. During January 2021, the following transactions took place: Date January 2 Type of Transaction Beginning Inventory January 5 Purchase January 9 Sale January 18 Purchase January 24 January 30 Sale Purchase Number of Units Amount Per Unit 60 $55.00 52 $56.00 55 $105.00 50 $57.00 56 $105.00 57 $58.00 Required: Use the information above to produce a 9-column perpetual inventory. schedule of merchandise activity in January, 2022. When complete, circle or highlight the ending inventory, as well as the cost of goods sold for each of the two tables you will complete, based on the following perpetual methods: a) LIFO b) Moving Average
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