Question: Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Sheffield sold 26 units, and on




Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Sheffield sold 26 units, and on August 27, 44 more units. (c) Prepare the perpetual inventory schedule for the above transactions using moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.50 and final answers to 0 decimal places, e.g. 1,250.) Prepare the perpetual inventory schedule for the above transactions using LIFO. Prepare the perpetual inventory schedule for the above transactions using FIFO
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