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P6-36B La Tapata Mexican Foods, which uses the LIFO method, began March with 50 units of food inventory that cost $15 each. During March, LaTapata

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P6-36B La Tapata Mexican Foods, which uses the LIFO method, began March with 50 units of food inventory that cost $15 each. During March, LaTapata completed these inventory transactions: Units Unit Cost Unit Sale Pria $20 March 2 Purchase 12 8 Sale..40 7 Purchas30 22 Sale...31 36 25 40 Requirements 1. Prepare a perpetual inventory record for the inventory. (p. 317) 2. Determine LaTapata's cost of goods sold for March. (p. 317) 3. Compute gross profit for March. (p. 312)

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