able Window Help 2 HW-Ch6(1) - Saved to my Mac Es Mailings Review View A EL 1 AaBbCcDdEe AaBbCcDc AaBbCcDdEe No Spacing Normal Heading 1 *BE6-10 Loggins Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number Unit Date of Units Price May 7 $10 July 28 On June 1, Loggins sold 25 units, and on August 27, 30 more units. Compute the cost of goods sold using (a) FIFO, (b) LIFO, and (c) average-cost. (Round the cost per unit to three decimal places.) 50 30 *P6-BA Bieber Inc. is a retailer operating in Calgary, Alberta. Bieber uses the perpetual inventory method. Assume that there are no credit transactions, all amounts are settled in cash. You are provided with the following information for Bieber for the month of January 2017. Quantity Unit Cost or Selling Price $20 Date Dec. 31 Jan. 2 Jan. 6 Jan. 9 160 100 Description Ending inventory Purchase Sale Purchase Sale Purchase Sale 180 75 50 Jan. 10 Jan. 23 Jan. 30 100 130 Instructions BE6-10: part (a) and (b), i.e., average-cost method not required. P6-8A: part (a), LIFO and FIFO only. In addition, replace part (b) with the following: please provide journal entry for Jan 23 and Jan 30 transactions. Journal entry for all other dates not required