Old MathJax webview

Old MathJax webview

EX 7-6 Perpetual inventory using FIFO OBJ. 2,3 Assume that the business in Exercise 7-5 maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3