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Sunland Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost

Sunland Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost per unit to 2 decimal places, e.g. 52.75.)

Purchases Cost Of Goods Sold Inventory Balance
Date Units Cost Total Units Cost Total Units Cost Total

June 1

Beginning Inventory

250 $25.00 $6,250 250 $25.00 $6,250

7

450 $22.00 $9,900 enter a number of units

$enter a dollar amount rounded to 2 decimal places

$enter a dollar amount

enter a number of units

$enter a dollar amount rounded to 2 decimal places

$enter a dollar amount

$enter a total of the two previous amounts

18

250 $enter a dollar amount rounded to 2 decimal places

$enter a dollar amount

enter a number of units

$enter a dollar amount rounded to 2 decimal places

$enter a dollar amount

130 $enter a dollar amount rounded to 2 decimal places

$enter a dollar amount

380 $enter a total of the two previous amounts

26

350 $20.10 $7,035 enter a number of units

$enter a dollar amount rounded to 2 decimal places

$enter a dollar amount

enter a number of units

$enter a dollar amount rounded to 2 decimal places

$enter a dollar amount

$enter a total of the two previous amounts

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