Question: Abbott's Department Store uses a perpetual inventory system. Data for product E include the following purchases. On June 1, Abbotts sold 30 units, and on

Abbott's Department Store uses a perpetual inventory system. Data for product E include the following purchases.

On June 1, Abbott€™s sold 30 units, and on August 27, 35 more units. Prepare the perpetual inventory schedule for the above transactions using
(a) FIFO
(b) LIFO
(c) Moving-averagecost.

Date May 7 July 28 Number of Units 50 30 Unit Price $11 13

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