Perpetual Inventory Using FIFO

Beginning inventory, purchases, and sales data for portable game players are as follows:

$\backslash$table$[[$Apr$.1,$Inventory,$50$ units @ $$43],[10,$Sale,$42$ units$],[15,$Purchase,$26$ units @ $$45],[20,$Sale,$17$ units$],[24,$Sale,$10$ units$],[30,$Purchase,$36$ units @ $$47]]$

The business maintains a perpetual inventory system, costing by the first$-$in$,$ first$-$out method.

Perpetual Inventory Account

First$-$in$,$ First$-$out Method