perpetual inventory using

Chapter 6. Consumer Behavior eBook Show Me How Calculator Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 120 units at $26 Sale 90 units Purchase 140 units at $28 Sale 110 units Sale 40 units Purchase 160 units at $30 The business maintains a perpetual inventory system, costing by the first in, first-out method. a. Determine the cost of the merchandise solutior each sale and the inventory balance after each FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first Inventory Unit Cost column. Cost of the Merchandise Sold Sched First-in, First-out Method Portable Game Players Quantity Purchases Purchases Quantity Cost of Cost of Merchandise Date Purchased Unit Cost Total Cost Merchandise Sold Sold Unit Cost Apr. Apr. Apr. Check My Work 3 more Check My Work uses remaining. DU I USEVIC GT S SON 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 Merchandise Sold Schedule First-in, First-out Method Portable Game Players Date Quantity Purchases Purchases Quantity Cost of Cost of Merchandise Cost of Merchandise Inventory Inventory Inventory Purchased Unit Cost Total Cost Merchandise Sold Sold Unit Cost Sold Total Cost Quantity Unit Cost Total Cost Balances b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method? Check My Work 3 more Check My Work uses remaining, Save and Exit Save and Eik Submit Assignment for Grading Submit Aasignment for Grading