Question

Fill Out All White Blanks Below Media Central, Inc., completed the following inventory transactions during the month of March Click the icon to view the transactions Read the resurements Requirement 2. Prepare a perpetual inventory record using FFO. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (For cost of goods sold, enter the first layer out under FIFO costing irst. For inventory on hand enter the oldest inventory layer first) Data Table . X Purchases Unit Total Date Oy Cost Cost Mar 11 Mar 430722160 Cost of goods sold Unit Total Oty Cost Cost inventory on hand Unit Oty Cost Cost Total 1750 Quantity Unit Cost 1754 30572 Date Item Mat Balance 4 Purchase 12 Sale 22 Purchase 31 Sale 37 S 74 Mar 22 377 2738 Ma 31 Print Done Total 671

Answer 1

Purchases Unit Cost Total Cost Cost of goods sold Qty Unit Cost Total Cost Qty Date | Mar-01 Mar-04 Inventory on hand Qty Unit Cost Total Cost 25 70 25 70 1750 72 2160 1750 30 72 2 160 Mar-12 25 13 70 72 1750 936 | 361 17 72 Mar-22 37 74 2738 1224 1224 2738 37 Mar-31 17 3 72 74 1224 222 4132 174 34 34 2516 2516 Total 92 6648