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TOP Canyon Cance Company wiased company that content and un 2018 in town at the begiving of January 2016 Canyon Care Cecided to carry on a la pred on the Canyon Cance Company is the perpetual version to account for the entry During February 2018 Caron Care Comarcal de rechang.com Olen iwwerton Requirement 1. Asume Canyon Care Company Dean February with the inventory teacher every one PFO invertory Enter the concerning wentary on hand betrachten. We will complete the food in the areas in the rest of wewn part record, che cost of the very well, and on tanto te end of a periode ventory Purchase Cost of Inventory U To U Total UNE To Dwie Cet Quality Cust Cosi Quy CM Cost 60 10 5 SO 00 20 During February 2018, Canyon Canoe Company completed the follo i More Info X Febr O ew in calcu hex the Costo ity 60 Feb. 2 Sold 60 T-shirts at $10 each, Feb. 5 Purchased 50 T-shirts at $6 each. Feb. 7 Sold 45 T-shirts for $10 each. Feb. 8 Sold 20 T-shirts for $10 each. Feb. 10 Canyon Canoe Company realized the inventory was running low, so it placed a rush order and purchased 20 T-shirts. The premium cost for these shirts was $7 each. Feb. 12 Placed a second rush order and purchased 40 T-shirts at $7 each. Feb. 13 Sold 20 T-shirts for $10 each. Feb. 15 Purchased 50 T-shirts for $6 each. Feb. 20 In order to avoid future rush orders, purchased 150 T-shirts. Due to the volume of the order, Canyon Canoe Company was able to negotiate a cost of $5 each. Feb. 21 Sold 40 T-shirts for $10 each. Feb. 22 Sold 35 T-shirts for $10 each. Feb. 24 Sold 20 T-shirts for $10 each. Feb. 25 Sold 45 T-shirts for $10 each. Feb. 27 Sold 40 T-shirts for $10 each. 45 20 Print Done Check Answer Clear All * Requirements 1. Assume Canyon Canoe Company began February with 94 T-shirts in inventory that cost $5 each. Prepare the perpetual inventory records for February using the FIFO inventory costing method. 2. Provide a summary for the month, in both units and dollars, of the change in inventory in the following format: Number of T-shirts Dollar Amount Beginning Balance Add: Purchases Less: Cost of Goods Sold Ending Balance Print Done