Answer Happy

Sandhill Co. uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost per unit to 2 decimal places, e.g. 52.75.) Purchases Cost Of Goods Sold Inventory Ba Date Units Cost Total Units Cost Total Units June 1 Beginning Inventory 220 $25.40 $5,588 7 410 $22.00 $9,020 220 $ $ EA 18 140 $ $ ta $ 360 26 350 $20.40 $7,140

Sandhill Co.uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round cost per unit to 2 decimal places, e.g. 52.75.) Inventory Balance Total Units Cost Total 220 $25.40 $5,588 $ $ . $ $ $ $ $ $ $ $ $ $ $ HA $