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The Athlete began October with merchandise inventory of 65 crates of vitamins that cost a total of $3,835. During the month, The Athlete purchased and

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The Athlete began October with merchandise inventory of 65 crates of vitamins that cost a total of $3,835. During the month, The Athlete purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the LIFO inventory costing method. Enter the transactions in chronologia order, calculating new inventory on hand balances after each transaction. Once all of 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.) Purchases Cost of Goods Sold Unit Total Unit Total Inventory on Hand Unit Total Quantity Cost Cost Date Quantity Cost Cost Quantity Cost Cost Oct. 1 5 13 18 26 Enter any number in the edit fields and then click Check Answer. 4 parts remaining Clear All Check Answer quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory lay Cost of Goods Sold Inventory on Hand Purchases Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Cost Cost Quantity 65 $ Oct. 1 5 145 $ 80 $ 11,600 65 $ 145 $ 50 $ 59 $ 3,835 59 $ 3,835 80 $ 11,600 80$ 4,000 13 65 $ 59 $ 3,835 80 $ 7,600 95$ 18 170 $ 50 $ 90 $ 15,300 170$ 80$ 4,000 90 $ 15,300 90 $ 4,050 50 $ 26 45 $ 80$ 4,000 90 $ 11,250 125 $ $ 26,900 $ $ 26,685 335 315 4,050 45 Totals The Athlete began October with merchandise inventory of 65 crates of vitamins that cost a total of $3,835. During the month, The Athlete purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the LIFO inventory costing method. Enter the transactions in chronologia order, calculating new inventory on hand balances after each transaction. Once all of 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.) Purchases Cost of Goods Sold Unit Total Unit Total Inventory on Hand Unit Total Quantity Cost Cost Date Quantity Cost Cost Quantity Cost Cost Oct. 1 5 13 18 26 Enter any number in the edit fields and then click Check Answer. 4 parts remaining Clear All Check Answer quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory lay Cost of Goods Sold Inventory on Hand Purchases Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Cost Cost Quantity 65 $ Oct. 1 5 145 $ 80 $ 11,600 65 $ 145 $ 50 $ 59 $ 3,835 59 $ 3,835 80 $ 11,600 80$ 4,000 13 65 $ 59 $ 3,835 80 $ 7,600 95$ 18 170 $ 50 $ 90 $ 15,300 170$ 80$ 4,000 90 $ 15,300 90 $ 4,050 50 $ 26 45 $ 80$ 4,000 90 $ 11,250 125 $ $ 26,900 $ $ 26,685 335 315 4,050 45 Totals

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