Question

i have everything correct except the ending Inventory balance can some one help

ane teachin X MindTap-Cengage Learning now.com/ilm/takeAssignment/takeAssignmentMain.do?inprogress-true Show Me Ho Cela Perpetual Inventory Using FIFO Beginning inventory, purchases, and sales data for portable DVD players are as follows: Apr. 1 eventory 70 units$43 10 Sale 47 units 15 Purchase 29 units $46 Sale 20 30 units 24 Sale 11 units 30 Purchase 29 units $45 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 ater cach sale, presenting the data in the form ustrated in Exhibt 3 a. Under FIFO, it units ane in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Menchandise Sold Unit Cost cofume and in the Inventory Unit Cost column Cost of the Merchandise Sold Schedule First-in First-out Method Partable DVD Players Date Quantity Purchased Parchases Unit Cost Purchases Total Cost Quantity Sold Cost of Merchandise Sold Unit Cost Cost of Merchandise Sold Total Cost Inventory Quantity Inventory Unit Cost ventory Total Cost Apr. 1 43 3010 Apr. 10 47 z82 43 23 43 2 Apr. 15 1334 43 29 46 Apr. 20 4al 23 22 46 1012 322 Apr 24 Se Apr. 3029 2 Apr 30 non Note tet ths c se uses the system IO means that the rst units rdhased are assued to be the frit to be so Therfarending invertary is made s f the most r t hs Al work saved al t

Answer 1

Cost of the Merchandise Sold Schedule First-in first-out method Portable DVD Players Purchases Sales Balance Date Unit Cost Total Cost Total Cost Quantity Total Cost Quantity Quantity Unit Cost Unit Cost Apr. 01 Apr. 10 Apr. 15 70 43 3010 47 43 2021 23 43 989 29 46 1334 23 43 989 29 46 1334 Apr. 20 23 43 989 22 46 1012 46 322 Apr. 24 Apr. 30 46 506 11 11 46 506 46 29 48 1392 11 506 48 29 1392 Balances Apr. 30 3838 1898