Question: CALCULATOR PRINTER VERSION Brief Exercise 6-10 a-c (Part Level Submission) Sheffield Department Store uses a perpetual Inventory system. Data for product E2-D2 include the following


CALCULATOR PRINTER VERSION Brief Exercise 6-10 a-c (Part Level Submission) Sheffield Department Store uses a perpetual Inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 50 $20 July 28 30 23 On June 1, Sheffield sold 20 units, and on August 27, 40 more units. (a) Prepare the perpetual Inventory schedule for the above transactions using FIFO. (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 July 28 Aug. 27 S S
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