Determine the cost of merchandise sold for the transaction on september 25 using the perpetual inventory system and the fifo method. date item units cost total beginning inventory 5 $5 $25 september 4 purchase 8 6 48 september 8 sale 6 september 20 purchase 15 7 105 september 25 sale 12 a.$105 b.$77 c.$84 d.$73

b.$77

Explanation:

beginning inventory 5 units

purchase september 4th 8 untis

sale for 6 units:

inventory after first sale: (available at second sale)

beginning used.

purchase september 4th   7  untis at $6

September 25th Sale of 12 units

inventory used for second sale:

September 4th   7  untis at $6

September 15th  5 units at $7

total COGS for the sale: $77

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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