Question: Gregory Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Gregory sold 26 units, and on

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

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.

Number of Units 50 30 Unit Price Date May 7 July 28 $10 13

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