Question: Pierre?s Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Pierre?s sold 30 units, and on

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

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

On June 1, Pierre?s sold 30 units, and on August 27, 40 more units. Prepare the perpetual inventory schedule for the above transactions using (a) FIFO, (b) LIFO, and (c) moving-average cost.

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

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