Question: Lily Department Store uses a perpetual inventory system. Data for product E 2 - D 2 include the following purchases. Date Number of Units Unit

Lily Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 745 $12 July 283015 On June 1, Lily sold 25 units, and on August 27,45 more units. (A) Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ $ $ June 1 $ $ $ July 28 $ $ $ Aug. 27 $ $ $ (b) Prepare the perpetual inventory schedule for the above transactions using LIFO. (c) prepare the perpetual inventory schedule for the above transactiona using the moving average cost. (Round average-cost per unit to 3 decimal places, e.g.12.50 and final answers to O decimal places, e.g.1,250.)

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