Question: Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 45

 Vaughn Department Store uses a perpetual inventory system. Data for productE2-D2 include the following purchases. Date Number of Units Unit Cost May7 45 $12 July 28 30 16 On June 1, Vaughn sold

Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 45 $12 July 28 30 16 On June 1, Vaughn 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 $ to July 28 $ Aug. 27 $ to(b) Prepare the perpetual inventory schedule for the above transactions using LIFO. Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ to to June 1 to to to July 28 to to $ Aug. 27 $ $ $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer (C)(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 O decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ to LA June 1 $ to July 28 $ $ to Aug. 27 $ to e Textbook and Media Save for Later Attempts: 0 of 5 used Submit

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