using LIFO

Perpetual Inventory Using UFO The following units of a particulem were available for sale in the calendar year Jan 1 Inventory 3,900 units at $39 Apr 19 Sale 2.500 units June 30 Purchase 4.700 units 543 Sept 2 Sale 4,900 units Now. 15 Purchase 2.100 units at 547 The bom maintains a perpetuo inventory system. Determine the cost of goods sold for each cale and the inventory balance after each, uning the lost in test-out metnot. Present the data in the form slustrated inxhit 4 Under LIFO, units are inventory at two or more different costs, enter the units with the LOWER Ut cost first in the inventory Unt Cost colum. Schedule of Cost of Goods Sold LIFO Method Purchases Coat of Goods Sold Inventory Date Quantity Unit Cou Total Cost Unit Cout Yotal Cost Quantity Unit Cost Total Coat Joh. 1 Apr 19 June 30 Sept 2 Nov 15 [Dec 31 Balances Previous