FIFO Perpetual Inventory Account Item 127B Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty.I Cost Cost Qty. CostCost Qty.I Cost Cost Jan. 1 10 20200 20 140 3 2060 The sale of 7 units leaves a balance of 3 units c8-9C8 - 9 Jan. 1 10 20 200 4 7 20 140 3 20 60 Item 127B FIFO Perpetual Inventory Account Purchases Cost of Mdse. Sold Inventory Balance Unit Total Unit Total Unit Total Date Qty. Cost Cost Qty. Cost Cost Qty. Cost Cost The sale of 7 units leaves a balance of 3 units