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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase

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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr. 1 Inventory 10 Sale 15 Purchase 20 Sale 24 Sale 30 Purchase 76 units @ $44 54 units 31 units @ $47 31 units 10 units 31 units $49 The business maintains a perpetual inventory system, costing by the first-in, first-out method.

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