a) Fill in the missing numbers in the inventory schedule using the


a) Fill in the missing numbers in the inventory schedule using the first in, first out (FIFO) inventory valuation method for the month. This company uses the perpetual inventory system.

Do not enter dollar signs or commas in the input boxes.
Round all answers to 2 decimal places.
For transactions 4 and 5, always put the previously purchased items in the first row and put the newly purchased items in the second row.

Inventory Schedule
 Opening Balance    0$ 0
#1Purchase from CDE Co.290$2,900.00Answer$AnswerAnswer$Answer
#2Sale to QRS Co.Answer$AnswerAnswer$Answer100$1,000.00
#3Sale to FGH Co.Answer$Answer39$AnswerAnswer$Answer
#4Purchase from LMN Co.Answer$AnswerAnswer$AnswerAnswer$Answer
#5Sale to VUW Co.Answer$Answer61$AnswerAnswer$Answer

b) What is the total value of the COGS for the month?

COGS = $Answer

c) What is the total value of ending inventory?

Ending Inventory = $ Answer

It’s that simple.Pay only when you are satisfied.

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