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Complete the perpetual system and fifo method

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Question 1: Complete the following using the Perpetual System And the FIFO method. I have started it with the beginning inventory of 10 units at $10; and the first purchase of 15 units of $12. Remember to bring any unused inventory down. Sales and purchases for the rest of the month are as follows:

- 6-May Sold 8 units

- 10-May Purchased 5 units @ 17

- 20-May Sold 12 units

- 25-May Sold 3 units

Reference no: EM132492348

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