Beginning inventory, purchases, and sales data for portable DVD players are as follows: June 1 Inventory 61 units @$65 6 Sale 49 units 14 Purchase 26 units @$68 19
Sale 21 units 25 Sale 7 units 30 Purchase 25 units @ $71 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine
the cost of the merchandise sold for each sale and the inventory balance after each sale. Enter all amounts as positive numbers. Under FIFO, if units are in
inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column
Sale 21 units 25 Sale 7 units 30 Purchase 25 units @ $71 The business maintains a perpetual inventory system, costing by the first-in, first-out method. Determine
the cost of the merchandise sold for each sale and the inventory balance after each sale. Enter all amounts as positive numbers. Under FIFO, if units are in
inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Merchandise Sold Unit Cost column
