Beginning inventory,purchases,and sales data for widgets are as follows: 
Complete the inventory cost card assuming the business maintains a perpetual inventory system and calculates the cost of merchandise sold and ending inventory using FIFO. 
Definitions:
Short-Run Phillips Curve
A visual depiction illustrating the opposite correlation between inflation rates and unemployment rates within an economy for a brief period.
Unemployment
The situation where individuals who are capable of working and actively seeking work are unable to find employment.
Prices and Wages
Refers to the levels of remuneration for labor and the cost of goods and services in an economy, which can impact inflation and purchasing power.
Natural Rate
The rate of a quantity, such as unemployment or interest, that prevails when the economy is in a long-term equilibrium.
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