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The following units of a particular item were avolisble for sale during the calendar year: begin{tabular}{lll} Jan. 1 & imventory & 3,800 units at $41
The following units of a particular item were avolisble for sale during the calendar year: \begin{tabular}{lll} Jan. 1 & imventory & 3,800 units at $41 \\ Apc. 19 & Sale & 2,300 units \\ June 30 & Purchase & 4,400 units at $43 \\ Sept. 2 & Sale & 4,900 units \\ Nov. 15 & Purchase & 1,800 units at $48 \end{tabular} The firm maintains a perpetual inventory system. Determine the cost of goods sold for each saie and the inventory balance after each saie, assuming the first-in, fins-out method. Present the data in the form lllustrated in Exhbit 3, Under FIFO, If units are in inventory at two different costs, enter the units with the LOWER unit cost finst in the Cost of Goods Sold Unit Cost column and in the Inventary Unit Cost column. \begin{tabular}{|c|c|c|c|c|c|c|c|c|} \hline & & & & Schedule & \begin{tabular}{l} Cost of Goods Sold \\ O Method \end{tabular} & & & \\ \hline & & Purchasas & & & Cost of Goods Sold & & & Inventor: \\ \hline Date & Quantity & Unit Cost & Total Cost & Quantity & Unit Cost & Total Cost & Quantity & Unit Cost \\ \hline Jan. 1 & & & & & & & & 3 \\ \hline ApE 19 & & & & & 1 & $ & Hit & \\ \hline Rune 30 & & 34 & 4 & & & & & \\ \hline Sopt:2 & & & & & & & & \\ \hline Novi 15 & & & & & & & & \\ \hline Depe. 31 & Esiances & & & 7 & & 5 & & \\ \hline \end{tabular} Geck Wy Work 4 mom Checi My Work uses remaining Previous Neat
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