perpentual inventory using fifo

2 EXOTOS ALGO Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: 3. EXOT-BEALGO EXOT CE SEX.0713ALGO 6.EX.07.18 ALGO 23 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. a. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. Cost of the Merchant Schedule First First Method Portable DVD Players very Dete Guantity Purchases Purchases Costo Merchandise Merchandise Un costrediad Sedu b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method? Inventory Using FIFO 2 EXOTOS ALGO 3 EXOT OLALGO inventory, purchases, and sales data for PVD players are as follows: EXOTOR Ro t ary 5100 5 EX07-13 ALGO EXIT 18 ALGO 10 S 235105 15 2710 hess maintains a perpetual inventory system, y the first-in, first-out method. e the cost of the merchandise sold for each the inventory balance after each sale, g the data in the form illustrated in Exhibit 3. FIFO, if units are in inventory at two different ter the units with the LOWER unit cost first in of Merchandise Sold Unit Cost column and in ntory Unit Cost column. Cost of the Merchandise Bo Schedule First First-out Method Portable DVD Players Purchase Purchase Cost Tec Wierchandise Sold Unit upon the preceding data, would you expect tory to be higher or lower using the last-in, method