Gregory Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On

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Gregory Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.

Gregory Department Store uses a perpetual inventory system. Data for

On June 1, Gregory sold 26 units, and on August 27, 40 more units. Prepare the perpetual inventory schedule for the above transactions using
(a) FIFO,
(b) LIFO,
(c) Moving-averagecost.

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Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

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