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please help me understand how to fill this chart in for practice and where the values are to be placed. thank you. Perpetual entry Using
please help me understand how to fill this chart in for practice and where the values are to be placed. thank you.
Perpetual entry Using FIFO The following units of a particular item were able for sale during the calendar year Inventory 4,000 units at $40 Kor. 19 2.500 units Nine 30 Purchase 4.500 units at Sept. 2 Sale 5.000 units Now. 15 Purchase 2.000 units at $ The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventary balancer each sale, assing the first first-out method Present the data in the form illustrated in that 3. Under , if units are in invertory at two different costs, enter the units with the LOWER unit cost first in the cast of Goods Soldnt Cost com and in the Inventory Unit Costcolumn Schedule of cost of Good Sold FIFO Method Purchases Cost of Goods Sold Date Unit Cast Total cos Quantity Unit Cant Total Cost Quantity Total Lan. 1 Apr 10 June 20 Dec al BalancesStep by Step Solution
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