Transcribed Image Text: In the table below, fill in the March 24 quantity, unit cost, and total cost in the spaces provided for determining Cost of Merchandise Sold (COMS) and

Transcribed Image Text: In the table below, fill in the March 24 quantity, unit cost, and total cost in the spaces provided for determining Cost of Merchandise Sold
(COMS) and Merchandise Inventory under the LIFO cost flow assumption, assuming 31 shoes are sold on March 24. Determine the COMS and
Merchandise inventory final balances. If units are in inventory or are listed under cost of merchandise sold at two different costs, enter the
units that were purchased earliest first.
LIFO Cost Flow Assumption
Purchases
Cost of Mérchandise Sold
Merchandise Inventory
Date
Quảntity Unit Cost Total Cost
Quảntity
Unit Cost Total Cost
Quảntity
Unit Cost
Total Cost
Mar. 1
26
35
910
26
35
910
19
35
$665
35
245
11
35
48
1680
35
245
35
45
1680
24
31 Balances

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