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NOWV2 Online teacX + akeAssignment/takeAssignmentMain.doFinvoker-StakeAssignmentSessionLocator=&inprogress=false Upde eBook Show Me How Perpetual Inventory Using Firo Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 48 units $83 Sale 37 units 15 Purchase 21 units $86 10 20 Sale 17 units 24 Sale Bunts 30 The business maintains a Purchase 34 units $90 a perpetual inventory system, costing by the first in, fest-out method Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form Mustrated in Exhibit) a. Under Firo, units are in inventory at two different costs, enter the units with the LOWER unit coat first in the cost of Marchandise Sold Unit cost column and in the Inventory Unit Cost column Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Purchases Cost of Quantity Date Purchases Quantity Cost of Merchandise Sold Cost of Merchandise Inventory Inventory Inventory Purchased Unit Cost Total Cost Merchandise Sold Sold Total Cost Unit Cost Quantity Total Cost Apr Unit Cost 1 29547 Apr 27 WE 11 10 Apr 15 21 NA 1.806 SA Check My Work Previous Next > Email Instructor Save and Exit Submit Assignment for Grading Apr 20 110 . 110 Apr DI 100 10 ODO DI 1000 Apr 30 Apr. 30 Balances When My Note that this exercite uses the perpetual inventory system Fio means that the rest hits purchased are assumed to be the first to be sold. Therefore ending Inventory is made up of the most recent purchase b. Based upon the preceding sata, would you expect the inventory to be higher or lower using the facer-in, first method Lower ON MW Consider the cost of inventory when purchased and when und Remember FIFO reports higher grous protit, net income, and ending inventory on the cro method when costs are increasing Check My Work Previous Next > Ernst and El Substment for Gradie NOWV2 Online teacX + akeAssignment/takeAssignmentMain.doFinvoker-StakeAssignmentSessionLocator=&inprogress=false Upde eBook Show Me How Perpetual Inventory Using Firo Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 48 units $83 Sale 37 units 15 Purchase 21 units $86 10 20 Sale 17 units 24 Sale Bunts 30 The business maintains a Purchase 34 units $90 a perpetual inventory system, costing by the first in, fest-out method Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form Mustrated in Exhibit) a. Under Firo, units are in inventory at two different costs, enter the units with the LOWER unit coat first in the cost of Marchandise Sold Unit cost column and in the Inventory Unit Cost column Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Purchases Cost of Quantity Date Purchases Quantity Cost of Merchandise Sold Cost of Merchandise Inventory Inventory Inventory Purchased Unit Cost Total Cost Merchandise Sold Sold Total Cost Unit Cost Quantity Total Cost Apr Unit Cost 1 29547 Apr 27 WE 11 10 Apr 15 21 NA 1.806 SA Check My Work Previous Next > Email Instructor Save and Exit Submit Assignment for Grading Apr 20 110 . 110 Apr DI 100 10 ODO DI 1000 Apr 30 Apr. 30 Balances When My Note that this exercite uses the perpetual inventory system Fio means that the rest hits purchased are assumed to be the first to be sold. Therefore ending Inventory is made up of the most recent purchase b. Based upon the preceding sata, would you expect the inventory to be higher or lower using the facer-in, first method Lower ON MW Consider the cost of inventory when purchased and when und Remember FIFO reports higher grous protit, net income, and ending inventory on the cro method when costs are increasing Check My Work Previous Next > Ernst and El Substment for Gradie