Recording in the Accounting System

In the table below, fill in the March 24 quantity, unit cost, and total cost in the spaces provided for determining Cost or Merchandise Sold (COMS) and Merchandise Inventory under the FIFO cost flow assumption, assuming 29 shoes are sold on March 24. Determine the COMS and Merchandise inventory final balances. If units are in inventory or are listed under cost of merchandise sold at two different costs, enter the units that were purchased earliest first. In the table below, fill in the March 24 quantity, unit cost, and total cost in the spaces provided for determining Cost of Merchandise Sold (COMS) end Merchandise Inventory under the LIFO cost flow assumption, assuming 29 shoes are sold on March 24. Determine the COMS and Merchandise inventory final balances. If units are in inventory or are listed under cost of merchandise sold at two different costs, enter the units that were purchased earliest first