Names Inventory Costing under a Perpetual System FIFO - Perpetual INVENTORY Explanation Debt Credi Balance Beg inventory - 95 units 515 each $1,425 Composition Costesch Extended Units Date 95 $ 15 S 1425 1/1 118 Purchase - 70 units 517 each 1/14 Sale of 55 units 1122 Sale of 46 unts 4 5 16 8 Jan Purchased 70 units 517 cach Fro Calculation 18 19 Sold 55 units for 525 each 20 21 22 23 24 25 Sold 46 units for $26 each 26 27 28 29 30 FIFO Calculation 55 LIFO - Perpetual 34 35 36 37 38 39 Date INVENTORY Explanation Debt Beg bryventory - 95 units @ 515 each Credit Balance $1,425 Composition Units Costeach Extended 95 $ 15 S 1425 111 1/8 Purchase-70 units 517 each 40 41 1/14 Sale of 55 units 42 43 122 Sale of 45 units 44 45 46 8-lan Purchased 70 units @ $17 each 47 48 49 50 51 52 Sold 55 units for $25 each 53 LIFO Calculation 54 55 56 57 58 Sold 46 units for $26 each 59 LIFO Calculation 60 61 62 63 Perpetual Lito Fifo Weighted Average - Perpetual Date INVENTORY Explanation Beg inventory 95 units $15 each Debit Credit Balance Weighted Average Cost Acot VA Bat Cottak 95 $15.00 1 00000 WS Purchase - 70 units $17 each DIV/0! 114 Sale of 55 units DIVO! 1/22Sale of 46 units ODIVO Purchased 70 units @ $17 each ## Sold 55 units for $25 each VA Calculation **** Sold 46 units for $26 each VA Calculation WEIGHTED AVERAGE FIFO LIFO Sales Cost of Goods Sold Gross Profit FIFO UFO WA Han er TE