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Thank you in advance! Inventor Pharoah Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following
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Inventor Pharoah 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, eg. 52.75.) Purchases Cost Of Goods Sold Date Units Cost Total Units Cost Units June 1 Beginning Inventory 240 $25.80 $6,192 Total 7 420 $22.00 $9,240 18 240 $ $ 160 $ $ 400 26 350 $20.80 $7,280 Pharoah 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, eg. 52.75.) Inventory Balance Total Units Total Cost 240 $25.80 $6,192 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $Step by Step Solution
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