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Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for prepaid cell phones for May are as follows: Inventory Purchases Sales May 1 4,200
Perpetual Inventory Using FIFO
Beginning inventory, purchases, and sales data for prepaid cell phones for May are as follows:
Inventory | Purchases | Sales | |||
---|---|---|---|---|---|
May 1 | 4,200 units at $40 | May 10 | 2,100 units at $42 | May 12 | 2,940 units |
May 20 | 1,890 units at $44 | May 14 | 2,520 units | ||
May 31 | 1,260 units |
Purchases Quantity | Purchases Unit Cost | Purchases Total Cost | Cost of Merchandise Sold Quantity | Cost of Merchandise Sold Unit Cost | Cost of Merchandise Sold Total Cost | Inventory Quantity | Inventory Unit Cost | Inventory Total Cost |
May 1 | fill in the blank 1 | $fill in the blank 2 | ||||||
May 10 | fill in the blank 4 | $fill in the blank 5 | $fill in the blank 6 | fill in the blank 7 | fill in the blank 8 | |||
fill in the blank 10 | fill in the blank 11 | |||||||
May 12 | fill in the blank 13 | $fill in the blank 14 | $fill in the blank 15 | fill in the blank 16 | fill in the blank 17 | |||
fill in the blank 19 | fill in the blank 20 | |||||||
May 14 | fill in the blank 22 | fill in the blank 23 | fill in the blank 24 | |||||
fill in the blank 25 | fill in the blank 26 | fill in the blank 27 | fill in the blank 28 | fill in the blank 29 | ||||
May 20 | fill in the blank 31 | fill in the blank 32 | fill in the blank 33 | fill in the blank 34 | fill in the blank 35 | |||
fill in the blank 37 | fill in the blank 38 | |||||||
May 31 | fill in the blank 40 | fill in the blank 41 | fill in the blank 42 | |||||
fill in the blank 43 | fill in the blank 44 | fill in the blank 45 | fill in the blank 46 | fill in the blank 47 | ||||
May 31 | Balances |
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