URGENTTT URGENT URGNET PLZ HELP

URGENTTT URGENT URGNET PLZ HELP

URGENTTT URGENT URGNET PLZ HELP

Little Mexico Leather, a distributor of leather products, uses the FIFO method for valuing inventories. It began January with 58 units of an inventory item that cost $172 each. During January, the store completed these inventory transactions: A (Click the icon to view the transactions.) Required 1. Prepare a perpetual inventory record for this item. 2. Determine the store's cost of goods sold for January. 3. Compute gross margin for January. Requirement 1. Prepare a perpetual inventory record using the FIIFO method. (Enter the oldest inventory layer first.) Leather Product More Info Purchases Cost of Goods Sold Inventory on Hand QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Tot. Cost Unit Cost Date QTY Jan 1 Unit Sale Price $282 Units Unit Cost Jan 3 Jan 3 Sale. 42 8 Purchase.. 86 $182 21 Sale. 30 Purchase.. 70 $292 18 $190 Jan 8 Jan 21 Print Done Jan 30 Ending Enter any number in the edit fields and then continue to the next question. Little Mexico Leather, a distributor of leather products, uses the FIFO method for valuing inventories. It began January with 58 units of an inventory item that cost $172 each. During January, the store completed these inventory transactions: A (Click the icon to view the transactions.) Required 1. Prepare a perpetual inventory record for this item. 2. Determine the store's cost of goods sold for January. 3. Compute gross margin for January. Requirement 1. Prepare a perpetual inventory record using the FIFO method. (Enter the oldest inventory layer first.) Leather Product Cost of Goods Sold Inventory on Hand Purchases QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Unit Cost Tot. Cost Date QTY Jan 1 Jan 3 Jan 8 Jan 21 Jan 30 Enter any number in the edit fields and then continue to the next