Perpustry Deginning for purchased for portable perso ADE TY 10 Sale SA 15 20 24 5101 The surma pentru conting by the method Determine the cast of medande sold for each ale and the inventory balance sheet in the form of enter the worst with the contest the Cost of Merchandises et Custom Lowent content that couco Perenveetory Account LIFO Method Portable Game Players Cast of Cost of Merchandise Mertandise Sold Sod Purdue ses Ouantity Total Cost that conto cost Cost Sold Terventory wory Inventory Quantity Cost Total Cost Quantity Date Purchaud Ape ACE 10 599 A 15 when we toch w y Ace LIO porterer ruchu Oy Date Purch Contacts ABC Cost of Cast Marc Herne Triwwy Quy AK om 0 0 A la Perpetual Inventory Using UFO Beginning inventory, purchases, and sales data for portable game players are as follows: Apr: 1 Inventory 66 units @ $93 10 Sale 54 units 15 Purchase 83 units @ $97 20 Sale 46 units 24 Sale 14 units 30 Purchase 24 units @ $101 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, presenting the data in enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LOWER unit most Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales for Item ER27 are as follows: July 1 86 units @ $26 Inventory Sale 5 69 units 11 Purchase 95 units $31 21 units Sale Assuming a perpetual inventory system and using the listin, first out (Lro) method, determine (a) the cost of merchandise sold on July 21 and (b) the mentary on My 31, a. Cost of merchandise sold on July 21 2.400 1. Inventory on July 3 896 X Ferman ChW a. When the LIFO method is used, the cost of the units sold is the cost of the most recent purchases. Think after each sale your inventory in terms of venstre how much inventory reme b. The ending inventory is made up of the oldest purchases Pepely Begiving my purchases for the R27 are as follow AL 9517 Sale 56 13 nechou 9519 Sale 20 units Aug perpetuientory system and wong the first to (o) method deterwe () the cost of more on the ato mode od on August 25 352 X Inventory on We wo method is used, comes are included in colt of merchandise sold in the order in which they were purchase. The of you want is turned iterane how mutta 1. The endingwentory made up of the most recent purchases