Beginning inventory, purchases, and sales data for hammers are as follows: Mar. 3 Inventory 12 units at $15 11 Purchase 13 units at $17 14 Sale 18 units 21 Purchase

Beginning inventory, purchases, and sales data for hammers are as follows: Mar. 3 Inventory 12 units at $15 11 Purchase 13 units at $17 14 Sale 18 units 21 Purchase 9 units at $20 25 Sale 10 units Assuming the business maintains a perpetual inventory system, complete the subsidiary inventory ledger and determine the cost of merchandise sold and ending inventory under the following assumptions: a. First-in, first-out Purchases Cost of Merchandise Sold Inventory Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost Mar. 3 fill in the blank 1 $fill in the blank 2 $fill in the blank 3 11 fill in the blank 4 $fill in the blank 5 $fill in the blank 6 fill in the blank 7 $fill in the blank 8 $fill in the blank 9 fill in the blank 10 $fill in the blank 11 fill in the blank 12 14 fill in the blank 13 $fill in the blank 14 $fill in the blank 15 fill in the blank 16 $fill in the blank 17 $fill in the blank 18 fill in the blank 19 $fill in the blank 20 fill in the blank 21 21 fill in the blank 22 $fill in the blank 23 $fill in the blank 24 fill in the blank 25 $fill in the blank 26 $fill in the blank 27 fill in the blank 28 $fill in the blank 29 fill in the blank 30 25 fill in the blank 31 $fill in the blank 32 $fill in the blank 33 fill in the blank 34 $fill in the blank 35 $fill in the blank 36 fill in the blank 37 $fill in the blank 38 fill in the blank 39 Balances $fill in the blank 40 $fill in the blank 41 Cost of merchandise sold $fill in the blank 42 Ending Inventory $fill in the blank 43 b. Last-in, first-out Purchases Cost of Merchandise Sold Inventory Date Qty Unit Cost Total Cost Qty Unit Cost Total Cost Qty Unit Cost Total Cost Mar. 3 fill in the blank 44 $fill in the blank 45 $fill in the blank 46 11 fill in the blank 47 $fill in the blank 48 $fill in the blank 49 fill in the blank 50 $fill in the blank 51 $fill in the blank 52 fill in the blank 53 $fill in the blank 54 fill in the blank 55 14 fill in the blank 56 $fill in the blank 57 $fill in the blank 58 fill in the blank 59 $fill in the blank 60 fill in the blank 61 fill in the blank 62 $fill in the blank 63 $fill in the blank 64 21 fill in the blank 65 $fill in the blank 66 $fill in the blank 67 fill in the blank 68 $fill in the blank 69 $fill in the blank 70 fill in the blank 71 $fill in the blank 72 fill in the blank 73 25 fill in the blank 74 $fill in the blank 75 $fill in the blank 76 fill in the blank 77 $fill in the blank 78 fill in the blank 79 fill in the blank 80 $fill in the blank 81 fill in the blank 82 Balances $fill in the blank 83 $fill in the blank 84 Cost of merchandise sold $fill in the blank 85 Ending Inventory $

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