FIFO Perpetual Inventory Account Item 127B Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty. Cost Cost Qty. CostCost Qty. Cost Cost Jan 1 10 20200 20 140 338 60 10821168 2060 21168 22 20 60 21 21 21147 Of the 4 units sold 3 come from the first units in(FIFO)at a cost of $20. c8-11
C8 - 11 Item 127B FIFO Perpetual Inventory Account Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty. Cost Cost Qty. Cost Cost Qty. Cost Cost Of the 4 units sold, 3 come from the first units in (FIFO) at a cost of $20. Jan. 1 10 20 200 4 7 20 140 3 20 60 10 8 21 168 3 20 60 8 21 168 22 3 20 60 1 21 21 7 21 147
FIFO Perpetual Inventory Account Item 127B Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty. Cost Cost Qty. CostCost Qty. CostCost Jan 1 10 20200 20 140 60 10821168 2060 21168 22 3 20 60 21 21 33875 21147 28 21 42 21105 Sold 2 units from the 7 units on hand. No allocation is necessary c8-12
C8 - 12 Item 127B FIFO Perpetual Inventory Account Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty. Cost Cost Qty. Cost Cost Qty. Cost Cost Jan. 1 10 20 200 4 7 20 140 3 20 60 10 8 21 168 3 20 60 8 21 168 22 3 20 60 1 21 21 7 21 147 28 2 21 42 5 21 105 Sold 2 units from the 7 units on hand. No allocation is necessary
FIFO Perpetual Inventory Account Item 127B Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty. Cost Cost Qty. CostCost Qty. CostCost Jan 1 10 20200 20 140 338 60 10821168 2060 21168 22 3 20 60 21 21 21147 28 2142 5 21105 301022220 21105 22220 otals 18 $38813 $263 15 $325 c8-13
C8 - 13 Jan. 1 10 20 200 4 7 20 140 3 20 60 10 8 21 168 3 20 60 8 21 168 22 3 20 60 1 21 21 7 21 147 28 2 21 42 5 21 105 30 10 22 220 5 21 105 10 22 220 Item 127B FIFO Perpetual Inventory Account Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty. Cost Cost Qty. Cost Cost Qty. Cost Cost Totals 18 $388 13 $263 15 $325
FIFO Perpetual Inventory Account Item 127B Purchases Cost of Mdse Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty.I Cost Cost Qty. CostCost Qty. Cost Cost Jan 1 10 20200 20 140 338 60 10821168 2060 21168 22 3 20 60 21 21 21147 28 221 42 5 21105 301022220 21105 22220 Totals18 $38813 $263 15 $325 c8-14
C8 - 14 Totals 18 $388 13 $263 15 $325 Jan. 1 10 20 200 4 7 20 140 3 20 60 10 8 21 168 3 20 60 8 21 168 22 3 20 60 1 21 21 7 21 147 28 2 21 42 5 21 105 30 10 22 220 5 21 105 10 22 220 Item 127B FIFO Perpetual Inventory Account Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty. Cost Cost Qty. Cost Cost Qty. Cost Cost