Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales for Item PK95 are as follows: 60 units @ $19 46 units May 1 9 13 25 Inventory Sale Purchase 42 units @ $20 Sale 19 units Assuming a perpetual inventory system and using the first-in, first-out (FIFO) method, determine (a) the cost of merchandise sold on May 25 and (b) the inventory on May 31. a. Cost of merchandise sold on May 25 b. Inventory on May 31

Perpetual inventory using F1FO Deginning imventory, purchsses, and sales for ftem Pkgs are as follows: Assuming a perpetusl ifrentory system and using the first-in, first-eut (FIFO) method, determine (a) the cost of merchandise sold on May 25 and (b) the inventory on May 31 . Perpetual Inventory Using UFO Begining inventory, purchases, and sales for them pKo5 are at follows: Assuming a perpetual inventory system and using the last-in, first-out (UiFo) method, determine (a) the cost of meichandise sold on October 21 and (b) the inventory on october 31 Perpetual twentery Uuing Weighted Average Beginnung imentery, purchases, and sales fer Hob are as foloes: 3. Assuming a perpetual inveotory system and using the eeghted averape method, determine the weghted average unt cost after the Alf 23 surchase ser unt $560,700. Indicate the effect of the misstatement on Robin Interiors' Augutt 31, 20y7, bolance sheet acd income statement for the year ended August 31 , 20177. Aso record the ampunt of each ovierstatement or understatement. Enter al amounts as positive numbern