Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: 57 units at $82 46 units 15 Purchase 70 units at $85 20 Sale 39 units 24 Sale 10 units 30 Purchase 30 units at $88 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column.

FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: Beginning inventory 8,500 units at $200 5,200 units at $290 15,100 units at $204 12,500 units at $290 15,600 units at $214 13,000 units at $290 The firm uses the perpetual inventory system, and there are 8,500 units of the item on hand at the end of the year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Sale First purchase Sale Second purchase Sale

Periodic inventory by three methods the units of an items available for sale during the year were as follows:

(one big question in pictures)

Perpetual inventory using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. LIFO Method DVD Players FIFO and LIFO costs under perpetual inventory system The following units of an item were available for sale during the year: The firm uses the perpetual inventory system, and there are 8,500 units of the item on hand at the end of the year. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. What is the total cost of the ending inventory according to FIFO? b. What is the total cost of the ending inventory according to LIFO? The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,000 units at $5 Feb. 17 Purchase 3,800 units at $7 Jul. 21 Purchase 2,800 units at $9 Nov. 23 Purchase 1,400 units at $11 There are 1,800 units of the item in the physical inventory at December 31 . The periodic inventory sstem is used. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine the inventory cost by the first-in, first-out method. b. Determine the inventory cost by the last-in, first-out method. c. Determine the inventory cost by the weighted average cost method. Round your answer to the nearest dollar