Swifty 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		$15
July 28		30		18

On June 1, Swifty sold 25 units, and on August 27, 42 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		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
June 1		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
July 28		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Aug. 27		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

(b)

Prepare the perpetual inventory schedule for the above transactions using LIFO.

Product E2-D2
Date		Purchases		Cost of Goods Sold		Balance
May 7		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
June 1		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
July 28		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Aug. 27		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount

(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.)

Product E2-D2
Date		Purchases		Cost of Goods Sold		Balance
May 7		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
June 1		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
July 28		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
Aug. 27		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount