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Perpetual System-Calculating Ending Inventory and Cost of Sales Using Moving Average, FIFO, and LIFO April Inc. maintains a perpetual inventory system and recorded the following
Perpetual System-Calculating Ending Inventory and Cost of Sales Using Moving Average, FIFO, and LIFO April Inc. maintains a perpetual inventory system and recorded the following information for the month of January. (1) Moving average method -Note: Enter the answers for unit cost in dollars and cents, rounded to the nearest penny. Use the rounded amounts for later calculations. -Note: Do not use negative signs with any of your answers. (2) FIFO Method -Note: Do not use negative signs with any of your answers. -Note: On each date, list the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed first. -Note: Do not use negative signs with any of your answers. -Note: On each date, list the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed first
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