Abbott's Department Store uses a perpetual inventory system. Data for product E2-

D2 include the following purchases.

On June 1 Abbott's sold 30 units, and on August 27. 35 more units. Prepare the perpetual inventory calculations for the above transactions using 1 1 1 FIFO. 1 2 i LIFO. and (3) average cost.

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Number Unit Date of Units Price May T 50 $10 July 28 30 13