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Beginning Inventory, Purchases, and Sales Data for Widgets Are as Follows

question 83

Essay

Beginning inventory, purchases, and sales data for widgets are as follows:? $\begin{array} { | r | r | l | l | l | r | r | } \hline & \text { Apr. } 3 & \text { Inventory } & & 15 \text { units } & @ & \$ 30 \\\hline & 11 & \text { Purchase } & & 12 \text { units } & @ & \$ 27 \\\hline & 14 & \text { Sale } & & 18 \text { units } & & \\\hline &21 & \text { Purchase } & & 7 \text { units } & @ & \$ 25 \\\hline &25 & \text { Sale } & & 10 \text { units } & & \\\hline\end{array}$ Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using LIFO. $Beginning inventory, purchases, and sales data for widgets are as follows:? \begin{array} { | r | r | l | l | l | r | r | } \hline & \text { Apr. } 3 & \text { Inventory } & & 15 \text { units } & @ & \$ 30 \\ \hline & 11 & \text { Purchase } & & 12 \text { units } & @ & \$ 27 \\ \hline & 14 & \text { Sale } & & 18 \text { units } & & \\ \hline &21 & \text { Purchase } & & 7 \text { units } & @ & \$ 25 \\ \hline &25 & \text { Sale } & & 10 \text { units } & & \\ \hline \end{array} Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using LIFO.$

Definitions:

Circulatory

Pertaining to the system that circulates blood and lymph through the body, comprising the heart, blood vessels, and lymphatic vessels.

Immune

Relating to or denoting the body's system of defense mechanisms against pathogens, including the production of antibodies and the activation of white blood cells.

Adipose Cells

Cells specialized in storing fat, providing insulation and energy reserves for the body.

Fat

Substance that consists mainly of triglycerides. See saturated fat, unsaturated fat.