Question: Section b needs to be completed please Brief Exercise 6-10 a-c (Part Level Submission) Vaughn Department Store uses a perpetual inventory system. Data for product


Section b needs to be completed please
Brief Exercise 6-10 a-c (Part Level Submission) Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 60 $17 July 28 40 22 On June 1, Vaughn 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 O decimal places, e.g. 1,250.) Product E2-D2 Purchases Cost of Goods Sold Date Balance May 7 1020 1020 June 1 340 680 1 July 28 880 880 Aug. 27 1 680 880 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (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 Aug. 27 680 880 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER LINK TO TEXT (b) Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round answers to O decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ June 1 $ July 28 s Aug. 27 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT The parts of this question must be completed in order. This part will be available when you complete the part above
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
