(BE 6.8) Abbott's Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. (Apply cost flow methods to perpetual inventory records.)

Date	Number of units	Unit Price
May 7	50	$11
July 28	30	$13

On June 1, Abbott's sold 30 units, and on August 27, 35 more units. Prepare the perpetual inventory schedule for the above transactions using (a)FIFO (b)moving-averaged cost.

(BE 6.9) At May 31, Chang Dancewear has net sales of $330,000 and cost of goods available for sale of $230,000. Compute the estimated cost of the ending inventory, assuming the gross profit rate is 45%. (Apply the gross profit method.)

(BE 6.10) On June 30, Lyon Fabrics has the following data pertaining to the retail inventory method: goods available for sale: at cost $35,000 and at retail $50,000, net sales $42,000, and ending inventory at retail $8,000. Compute the estimated cost of the ending inventory using the retail inventory method. (Apply the retail inventory method.)