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$12.00 Beginning inventory, purchases, and sales data for cell phones for March are as follows:

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Vladimir3
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Q:
Beginning inventory, purchases, and sales data for cell phones for March are as follows:      
                       
Inventory      Purchases      Sales          
March 1 4,000 units at $35  March 5 2,000 units at $37  March 8 2,800 units        
      March 20 1,800 units at $39 March 14 2,400 units        
            March 31 1,200 units        
                       
Assuming that the perpetual inventory system is used, costing by the LIFO method, determine the cost of the merchandise sold for each sale and the inventory balance after each sale.
                       
               
                       
                       
                       
                       
                       
Beginning inventory, purchases, and sales data for cell phones for March are as follows:      
                       
Inventory      Purchases      Sales          
March 1 1,800 units at $29  March 5 900 units at $31  March 8 1,260 units        
      March 20 810 units at $33  March 14 1,080 units        
            March 31 540 units        
                       
Assuming that the perpetual inventory system is used, costing by the FIFO method, determine the cost of the merchandise sold for each sale and the inventory balance after each sale.
 

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Beginning inventory, purchases, and sales data for cell phones for March are as follows:
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