The writer is very fast, professional and responded to the review request fast also. Thank you.
EX 6-3 Perpetual inventory using FIFO
Beginning inventory, purchases, and sales data for portable DVD players are as follows:
April 1 |
Inventory |
120 units at $39 |
6 |
Sale |
90 units |
14 |
Purchase |
140 units at $40 |
19 |
Sale |
110 units |
25 |
Sale |
45 units |
30 |
Purchase |
160 units at $43 |
The business maintains a perpetual inventory system, costing by the first-in, first-out method.
a. Determine the cost of the merchandise sold for each sale and the inventory balance after each sale.
b. Based upon the preceding data, would you expect the inventory to be higher or lower using the last-in, first-out method?
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more