Perpetual invenory using LIFO

Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year: The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after oach saite, assuming the last-in. first-out method. Present the data in the form illustrated in Extibit 4. Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER. unit cast first in the Inventory Unit Cost cylumn, The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, first-o method. Present the data in the form illustrated in Exhibit 4. Under LIfo, if units are in irventory at two or mare different costs, enter the inits with the LoweR-init co first in the Inventory Unit Cost column