UNITs UNIT COST UNIT SALE PRICE
AUG 3 SALE 45 $ 83
8 PURCHASE 75 $ 52
21 SALE 70 $ 85
30 PURCHASE 10 $ 55
Decorative steel began August with 55 units of iron inventory that cost $35 each. During August, the company completed the following inventory transactions:
How to prepare a perpetual inventory record for the inventory using LIFO, FIFO , Average cost.