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what number is supposed to go in the red X spots? I have the middle box of 80 correct but the ones to the sides
what number is supposed to go in the red X spots? I have the middle box of 80 correct but the ones to the sides I don't know.
I only have one more chance left. Please help. Thank you
Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 Inventory 53 units at $76 10 Sale 39 units 15 Purchase 22 units at $80 20 Sale 23 units 24 Sale 8 units 30 Purchase 34 units at $85 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the ods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under FIFO, inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column. Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Inventory Inventory Quantity Unit Cost Total Cost Date Nov. 1 53 76 4,028 Nov. 10 39 76 2,964 14 76 1,064 Nov. 15 22 80 1,760 14 76 1,064 Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Quantity Purchased Purchases Unit Cost Purchases Total Cost Quantity Sold Cost of Goods Sold Unit Cost Cost of Goods Sold Inventory Inventory Total Cost Quantity Unit Cost Inventory Total Cost Date Nov. 1 53 76 4,028 Nov. 10 39 76 2,964 14 76 1,064 Nov. 15 22 80 1,760 14 76 1,064 22 80 1,760 Nov. 20 14 76 1,064 8 80 640 9 80 720 Nov. 24 8 80 640 5 80 400 Nov. 30 34 85 2,890 5 80 400 34 85 2,890 Nov. 30 Balances 5,388 3,290 Feedback Check My Work Note that this exercise uses the perpetual inventory system. FIFO means that the first units purchased are assumed to be the first to be sold. Therefore, end made up of the most recent purchasesStep by Step Solution
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