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    JP Grey 215 Posts: 1, Reputation: 1
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    Nov 13, 2007, 11:17 AM
    FIFO perpetual inventory
    Hi I sent an attachment with this but I got the right numbers for the month of march but I don't understand how to go from month to month and also why is there 2 parts to fill in for March 22?
    Here's the data:
    Date... Transaction... Units... Per Unit... Total
    Mar 1... Inventory... 132... 1500... 198000
    8... Purchase... 108... 2000... 216000
    11... Sale... 72... 4800... 345600
    22... Sale... 66... 4800... 316800
    Apr 3... Purchase... 96... 2300... 220800
    10... Sale... 60... 5000... 300000
    21... Sale... 30... 5000... 150000
    30... Purchase... 120... 2350... 282000
    May 5... Sale... 120... 5250... 630000
    13... Sale... 72... 5250... 378000
    21... Purchase... 180... 2400... 432000
    28... Sale... 90... 5400... 486000
    Attached Files
  1. File Type: xls PR7-1B.xls (39.0 KB, 178 views)

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