The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 4,100 units at $39 Apr. 19 Sale 2,700 units June 30 Purchase 4,500 units at $44 Sept. 2 Sale 4,900 units Nov. 15 Purchase 1,800 units at $47 The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in method. Present the data in the form Illustrated in Exhibit 4. Under LIFO, I units are in Inventory at two or mbre different costs, enter the units with the LOWER first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method Purchases Cost of Goods Sold Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Jan. 1 Date Apr. 19 June 30 Sept. 2 first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method Cost of Goods Sold Quantity Unit Cost Purchases Inventory Unit Cost Total Cost Quantity Date Total Cost Quantity Unit Cost Jan. 1 r. 19 June 30 Sept. 2 Nov. 15 Dec. 31 Balances Previous Next > nder LIFO, If units are in inventory at two or more diferent costs, enter the units Schedule of Cost of Goods Sold LIFO Method Cost of Goods Sold Quantity Unit Cost Inventory Unit Cost tal Cost Total Cost Quantity Total Cost