Start by entering the beginning inventory balances. Enter the transaction in chronological order . calculating new inventory on hand balances after each transaction once all the transactions have been entered into the perpetual record calculate the quantity and total cost of merchandise inventory purchased sold and on hand at the end of the period (enter the oldest inventory layers first )

Steel It begant August with 50 units of iron inventory that cost $35 each. During August?,

the company completed the following inventory? transactions

Sold Unit Total Unit 21