Crane 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 $10 July 28 30 12 On June 1, Crane sold 20 units, and on August 27, 40 more units.

Brief Exercise 6-10 a-C Crane Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price 50 May 7 July 28 $10 12 30 On June 1, Crane sold 20 units, and on August 27, 40 more units. Your answer is partially correct. Try again. 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 7 500 500 $ X June 1 260 240 $ x July 28 390 630 X 1 Aug. 27 448 182 $ 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 7 500 500 X June 1 260 240 $ X X July 28 390 630 x Aug. 27 490 140 Prepare the perpetual inventory schedule for the above transactions using moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answers to 0 decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 500 500 X X June 1 260 240 x July 28 390 630 $ X Aug. 27 467 163 Click if you would like to Show Work for this question: Open Show Work