Question
10 lab assi Concord Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price
10 lab assi
Concord Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
Date Number of Units Unit Price
May 7 50 $15
July 28 30 22
On June 1, Concord sold24units, and on August 27,40more units.
What is 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 _______ __________ ________
June 1 _______ __________ ________
July 28 _______ __________ ________
Aug 27 _______ __________ ________
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Payroll Accounting 2020
Authors: Bernard J. Bieg, Judith A. Toland
30th edition
357117174, 978-0357117170
