Brief Exercise 6-10 a-c Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2...
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Brief Exercise 6-10 a-c Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of Units Date Unit Price May 7 $17 60 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 0 decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 1020 1020 June 1 680 July 28 880 1560 Aug. 27 x Your answer is incorrect. Try again. Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round answers to 0 decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 June 1 July 28 Aug. 27 LINK TO TEXT X Your answer is incorrect. Try again. Prepare the perpetual inventory schedule for the above transactions using moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final ans Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 June 1 July 28 Aug. 27 Brief Exercise 6-10 a-c Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of Units Date Unit Price May 7 $17 60 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 0 decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 1020 1020 June 1 680 July 28 880 1560 Aug. 27 x Your answer is incorrect. Try again. Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round answers to 0 decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 June 1 July 28 Aug. 27 LINK TO TEXT X Your answer is incorrect. Try again. Prepare the perpetual inventory schedule for the above transactions using moving-average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final ans Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 June 1 July 28 Aug. 27
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Answer Explanation a FIFO Method Date Purchase Cost of Goods Sold Balance May 7 1020 17x60 1020 June ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
Posted Date:
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