Question: Also, can you do it for the Average Cost Method as well? Brief Exercise 6-10 a-c (Part Level Submission) Lily Department Store uses a perpetual

Also, can you do it for the Average Cost Method as well? Brief Exercise 6-10 a-c (Part Level Submission) Lily Department Store uses

Also, can you do it for the Average Cost Method as well?

Brief Exercise 6-10 a-c (Part Level Submission) Lily Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 July 28 50 30 511 15 On June 1, Lily sold 20 units, and on August 27, 40 more units. (b) Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round answers to 0 decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ S June 1 $ S 5 July 28 5 S 5 Aug. 27 $ S

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