Homework 6 eBook Show Me How Calculator 40 units at \$97 November 1 In.docx - Homework 6 eBook Show Me How Calculator 40 units at \$97 November 1

# Homework 6 eBook Show Me How Calculator 40 units at \$97 November 1 In.docx

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Homework 6 eBook Show Me How Calculator 40 units at \$97 November 1 Inventory 30 units 10 Sale Purchase 20 units at \$103 15 17 units 20 Sale 5 units 24 Sale 30 Purchase 23 units at \$109 The business maintains a perpetual inventory system, costing by the first-in, first-out method. a. Determine the cost of the goods sold for each sale and the inventory balance after each sale, presenting the data in the form illustrated in Exhibit 3. Under units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in

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Unformatted text preview: the Inventory Unit Cost column. Cost of the Goods Sold Schedule First-in, First-out Method DVD Players Cost of Goods Sold Cost of Goods Sold Total Cost Purchases Total Cost Purchases Unit Cost Quantity Sold Inventory Quantity Inventory Unit Cost Inventory Total Cost Quantity Purchased Unit Cost Date 3,880 40 97 Nov. 1 970 2,910 97 97 30 10 Nov. 10 970 2,060 10 97 20 103 Nov. 15 2,060 20 103 17 X 970 97 103 10 Nov. 20 17 X 103 17 X 17 X 103 103 Nov. 24 17 X 103 2,507 Nov. 30 23 109 17 X Nov. 30 Balances Check My Work...
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