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Perpetual Inventory Using FIFO Beginning inventory, purchase and sales data for portable DVD player April 1 Inventory 75 units @$99 10 Sale 58 units 15
Perpetual Inventory Using FIFO
Beginning inventory, purchase and sales data for portable DVD player
April 1 Inventory 75 units @$99
10 Sale 58 units
15 Purchase 43 units @ $103
20 Sale 26 units
24 Sale 14 units
30 Purchase 25 units @ $ 109
Please answer in this form
Qty Purchased | Purch. Unit Cost | Purch. Total Cost | Qty Sold | Sales Unit Cost | Sales Total Cost | Inv. Qty. | Inv. Unit Cost | Inv Total Cost
b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method?
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