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11-15. Fill in the table below. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Utilize FIFO. Jan

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11-15. Fill in the table below. Determine the cost of merchandise sold for each sale and the inventory balance after each sale. Utilize FIFO. Jan 1 - Inventory is 6,000 units at $20 Jan 2 - Sale of 500 units for $32.50 each Jan 19 - Purchase of 2500 units at $24.25 each Jan 25 - Sale of 800 units for $33.90 each Jan 30 - Purchase 1000 units at $22 Purchases Inventory Cost of Merchandise Sold Unit Total Unit Total Total I Cost Cost Quantity Cost Cost Quantity Unit Cost Cost Quantity Van 1

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