Show Me How Calculator Perpetual Inventory Using FIFO Beginning inventory. purchases, and sales data for portable DVD players are as follows: Apr. 1 Inventory 53 units $44 Sale Purchase 24 units 15 $46 24 units $46 20 Sale 18 units Sale 13 units 30 Purchase 22 USD 9 The business maintains a perpetual inventory system, costing by the first-In, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. a. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Purchases Purchases Quantity Cost of Quantity Cost of Merchandise Cost of Merchandise Inventory Inventory Inventory Date Purchased Total Cost Sold Total Cost Total Cost Merchandise Sold Sold Unit Cost Quantity Unit Cost Unit Cost Previous Next > All work saved xit Submit Asslonment for Gradina MacBook Air eBook Show Me How Calculator The business maintains a perpetual inventory system, costing by the first in, first-out method. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. a. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column. Cost of the Merchandise Sold Schedule First-in, First-out Method Portable DVD Players Date Quantity Purchases Purchases Quantity Cost of Cost of Merchandise Cost of Merchandise Inventory Inventory Inventory Purchased Unit Cost Total Cost Merchandise Sold S old Unit Cost Sold Total Cost Quantity Unit Cost Total Cost Apr. Apr. 10 Balances Check My Work Previous Next > All work saved. etor Save and Exit Submit Assionment for Gradina MacBook Air