Show Me How Print Item The beginning inventory of merchandise at Dunne Ca. and d

Question

Show Me How Print Item The beginning inventory of merchandise at Dunne Ca. and data on purchases and sales for r a three-month period ending June 30 are as follow Number Date Transaction of Units Per Unit $375 450 Total $13,500 32,400 60,000 37,500 30,000 45,000 Apr. 3 Inventory 36 72 48 30 60 36 18 60 36 8 Purchase 11 Sale 30 Sale May 8 Purchase 10 Sale 19 Sale 1,250 500 1,250 1,250 28 Purchase 33,000 47,340 48 1,315 63,120 64,800 71,010 lune 5 Sale 1,315 16 Sale 21 Purchase 28 Sale 108 600 1,315 Required 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual iriventory record similar to the ane illustrated in Exhibit 3, using the first-in, first-out method 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 and in the Inventory Unit KP Check My Work 0 more Check My Work uses remaning Save and Exit Submit for Grading All work saved

Explanation / Answer

                  purchases                 cost of merchandise sold                 inventory Date Qty unit cost total Qty unit cost total Qty unit cost Qty cost cost 3-Apr 36 375 13500 8-Apr 72 450 32,400 36 375 13,500 72 450 32,400 11-Apr 36 375 13,500 12 450 5400 60 450 27000 30-Apr 30 450 13500 30 450 13,500 8-May 60 500 30,000 30 450 13,500 60 500 30,000 10-May 30 450 13,500 6 500 3000 54 500 27000 19-May 18 500 9000 36 500 18000 28-May 60 550 33,000 36 500 18,000 60 550 33,000 5-Jun 36 500 18,000 60 550 33,000 16-Jun 48 550 26400 12 550 6600 21-Jun 108 600 64800 12 550 6600 108 600 64800 28-Jun 12 550 6600 42 600 25200 66 600 39600 30-Jun Balances 134100 15,840

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