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Required information Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO:

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Required information Required 1 Required 2 Required 3 Determine the costs assigned to ending inventory and to cost of goods sold using FIFO. Perpetual FIFO: Goods Purchased # of Cost per units unit Cost of Goods Sold # of units Cost of Goods sold unit Sold Cost per Date Inventory Balance Cost per Inventory # of units unit Balance 220 @ $ 10.80 = $ 2,376.00 January 1 January 10 March 14 March 15 July 30 October 5 October 26 Totals Rece Required 2 > CO

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