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need help with verifying the answers Date Activities Units Acquired at Cost Units Sold at Retail January 1 Beginning inventory 225 units @ $11.00 =

need help with verifying the answers

Date Activities Units Acquired at Cost Units Sold at Retail
January 1 Beginning inventory 225 units @ $11.00 = $ 2,475
January 10 Sales 150 units @ $41.00
March 14 Purchase 340 units @ $16.00 = 5,440
March 15 Sales 300 units @ $41.00
July 30 Purchase 425 units @ $21.00 = 8,925
October 5 Sales 395 units @ $41.00
October 26 Purchase 125 units @ $26.00 = 3,250
Totals 1,115 units $ 20,090 845 units
Perpetual FIFO:
Date Goods Purchased Cost of Goods Sold Inventory Balance
# of units Cost per unit # of units sold Cost per unit Cost of Goods Sold # of units Cost per unit Inventory Balance
January 1 225 at $11.00 = $2,475.00
January 10 150 at $11.00 = $1,650.00 75 at $11.00 = $825.00
March 14 340 at $16.00 75 at $11.00 = $825.00
340 at $16.00 = 5,440.00
Total March 14 $6,265.00
March 15 75 at $11.00 = $825.00 0 at $11.00
225 at $16.00 = 3,600.00 115 at $16.00 = $1,840.00
Total March 15 $4,425.00 $1,840.00
July 30 425 at $21.00 0 at $11.00
115 at $16.00 = 1,840.00
425 at $21.00 = 8,925.00
Total July 30 $10,765.00
October 5 0 at $11.00 = $0.00 0 at $11.00
115 at $16.00 = 1,840.00 0 at $16.00
300 at $21.00 = 6,300.00 145 at $21.00 = 3,045.00
Total October 5 $8,140.00 $3,045.00
October 26 125 at $26.00 0 at $11.00
0 at $16.00
145 at $21.00 = 3,045.00
125 at $26.00 = 3,250.00
Totals $14,215.00 $6,295.00

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