Question: Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 55

Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.

Date

Number of Units

Unit Cost

May 7

55 $10

July 28

30 13

On June 1, Sheffield sold 25 units, and on August 27, 47 more units.

Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2

include the following purchases. Date Number of Units Unit Cost May 7

55 $10 July 28 30 13 On June 1, Sheffield sold 25

Your answer is partially correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. Date May 7 June 1 July 28 Aug. 27 69 GA 6A Purchases e Textbook and Media 550 Mi 390 Product E2-D2 $ 69 $ GA LA Cost of Goods Sold Mi 250 F LA LA LA 69 Balance 550 300 690 Assistance Used Your answer is partially correct. Prepare the perpetual inventory schedule for the above transactions using LIFO. Date May 7 June 1 July 28 Aug. 27 GA LA 69 Purchases 550 IN 390 Product E2-D2 GA CA 69 LA Cost of Goods Sold F M 250 Mi LA 69 69 69 Balance 550 000 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 O decimal places, e.g. 1,250.) Date May 7 June 1 July 28 Aug. 27 69 $ 69 $ $ 69 $ 69 Purchases Product E2-D2 $ GA LA GA GA Cost of Goods Sold tA GA GA GA Balance

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