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1.8373 Concord Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of Units Date Unit Cost May 7

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1.8373 Concord Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of Units Date Unit Cost May 7 50 $10 July 28 35 13 On June 1, Concord sold 29 units, and on August 27, 43 more units. (a) Your Answer Correct Answer (Used) Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold May 7 $ June 1 July 28 Aug. 27 $ $ $ 500 i 455 $ $ 290 496 $ $ Balance 500 210 665 169 II Prepare the perpetual inventory schedule for the above transactions using LIFO. Product E2-D2 Date Purchases Cost of Goods Sold May 7 $ June 1 $ July 28 Aug. 27 500 tet i 455 Mi SA tA 290 i 535 SA $ 60 SA Balance 500 210 665 130 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 $ June 11 July 28 Aug 27 $ $ $ $ $ S S S

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