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Perpetual inventory using LIFO The following units of a particular item were available for sale during the calendar year Jan 1 Inventory 4,100 units at

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Perpetual inventory using LIFO The following units of a particular item were available for sale during the calendar year Jan 1 Inventory 4,100 units at $21 Apr. 19 2,200 units June 30 Purchase 5,700 units at $24 Sept. 2 Sale 5,100 units Nov. 15 Purchase 1,400 units at $25 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below pen spreadsheet The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last in, first-out method. Present the data in the form illustrated in Exhibit 4 Under LIFO, units are in inventory at two or more different costs, enter the units with the LOWER unit cost forstin the Inventory Unit Cost column. Round your answers for quantity values to the nearest whole number, for unit cost values to the nearest cent, and for total cost values to the nearest dollar Schedule of Cost of Goods Sold LIFO Method Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan 1 4,100 86,100 The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory batance arterbach method Present the data in the form strated in Exhibit 4. Under uro, if units are inventory at two or more different costs, enter the units with the LOWER unit cost est in the Inwentory Unit Cost column Round your answers for quantity values to the nearest whole number for unit cost values to the nearest cent, and for total cost values to the nearest dollar Schedule of Cost of Goods Sold LIFO Method Purchaves Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan 1 21 36,100 4,100 Apr. 19 - June 30 I Sept. 2 Nov. 15 - - Dec. 31 Balances

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