W.UN k Assignment/takeAssignment Main doinvoker assignments take AssignmentSessionLocator assignment Chapter 6 Homework progress false eBook Show Me How Calculator Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for DVD players are as follows: November 1 10 Inventory Sale 15 20 Purchase Sale Sale Purchase 120 units at $39 90 units 140 units at $40 110 units 45 units 24 30 160 units at $43 The business maintains a perpetual inventory system, costing by the last-in, first-out method Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LFO, units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold U nit Cost Total Cost Quantity Unit Cost Total Cost Date Nov. 1 Nov. 10 Nov. 15 O OO Nov. 20 Now Nov. 30 OOO Previous Next > Check My Work 4 4 145F 10/27/2 Type here to search hapter 6 Homework eBook Calculator Show Me How 120 units at $39 November 1 Inventory 10 Sale 90 units 15 Purchase 140 units at $40 20 Sale 110 units 24 30 Sale Purchase 45 units 160 units at $43 The business maintains a perpetual inventory system, costing by the last-in, first-out method. Determine the cost of goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Goods Sold Unit Cost column and LOWER unit cost first in the Inventory Unit Cost column. Schedule of Cost of Goods Sold LIFO Method DVD Players Cost of Cost of Quantity Purchases Purchases Quantity Goods Sold Goods Sold Inventory Inventory Inventory Purchased Unit Cost Total Cost Sold Unit Cost Total Cost Quantity Unit Cost Total Cost Date Nov. 1 Nov. 10 Nov. 15 1 I II O III 0 al bl) 11 min Nov. 30 Balances ( Previous Next Check My Work Type here to search Oi em R 9