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

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

On June 1, Rosario 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.

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

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