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please help with the blank and X ed parts. thank you! Perpetual Inventory Using LIFO The following units of a particular item were available for

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please help with the blank and X ed parts. thank you!
Perpetual Inventory Using LIFO The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory Sale Apr. 19 June 30 Purchase 3,900 units at $41 2,600 units 4,400 units at $45 5,100 units 2,200 units at $46 Sale Sept. 2 Nov. 15 Purchase The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two or more different costs, enter th Schedule of cost of God LIFO Method Purchases Cost of God Date Quantity Unit Cost Total Cost Quantity Unit Jan. Apr. 19 2,600 June 30 4,400 V 45 198,000 Schedule of Cost of Goods Sold LIFO Method Cost of Goods Sold Quantity Unit Cost Purchases Unit Cost Date Quantity Total Cost Total Cost Quantity Unit Cos Total an. 1 3,900 41 159,9 pr. 19 2,600 $ 41 - 100,000 V 1,300 41 153,31 1,300 41 53,31 June 30 4,400 $ 45 $ 195,000 4,400 45 198,00 198.000 Sept. 2 52 X 417 700 28.700 2,200 X Nov. 15 2,200 101,200 2,200 46 101,20 Dec. 31 Balances $333,300 * Check My Word When the perpetual inventory systems used revenue is recorded each time on to record the cost of the marchandise sold UFO means the last units purchased are assumed to first to be sold. Therefore after each sale the remaining or ending inventory is made up of the sourchases Think of your inventory in terms of layers The first sale is completely satisfied by the beginning in The second sale will be sented by the most recent unts the first purchase and from begin nvento r y The remaining unns from the beginning inventory along with any remaining anck My Work Previous

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