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please help find my mistakes Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the

please help find my mistakes
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Required: 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit , using the first in, first out method Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column Dunne Co. Schedule of Cost of Goods Sold FIFO Method For the Three Months Ended June 30 Cost of Goods Sold Quantity Unit Cost Total Cost Purchases Unit Cost Inventory Unit Cost Date Quantity Total Cost Total Cost Quantity 60 7 Apr 3 525 31,500 60 7 525 31,500 Apr 120 630 75,600 120 610 75,600 60 525 31,500 Apr 11 100 630 63,000 20 630 17,600 Apr 30 50 630 31,500 50 630 31,500 50 6.30 31,500 May 100 700 70,000 100 700 7 20,000 50 6307 31,500 May 10 90 700 61,000 Check My Work Previous Next) Apr. 30 50 630 31,500 50 630 31,500 50 630 31,500 May 8 100 700 70,000 100 700 70,000 | | 50 630 31,500 May 10 90 700 63,000 10 700 7,000 May 19 30 700 21,000 60 700 42,000 60 700 42,000 May 28 100 770 77,000 100 770 77,000 June 5 60 700 42,000 100 270 77,000 June 16 80 770 61,600 20 770 15,100 20 770 15,400 June 21 180 840 151,200 180 840 151,200 20 770 15,400 June 28 110 40 92,400 70 340 50,00 June 30 Balances 312,000 92,400 2. Determine the total sales and the total cost of goods sold for the period, Journalive themes in the sales and cost of goods sold accounts. Asume that all sales were on account eBook Show Me How 7 20 770 Jure 28 15,400 110 840 92,400 70 7 840 58,800 June 30 Balances 312,900 92,400 2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account Record Accounts Receivable sale 808,200 808,200 Record Cost of Goods Sold COS 319,200 x Inventory 3. Determine the gross profit from sales for the period 489,000 X 86,100 1. Determine the ending inventory costs of June 30 86,100 X 5. Based upon the preceding data, would you expect the ending inventory using the tastin, first out inethod to be higher or lower? Feedback TW

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