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Brief Exercise 6-10 a-c (Part Level Submission) Bramble Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of
Brief Exercise 6-10 a-c (Part Level Submission) Bramble Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of Units Date May 7 July 28 50 Unit Price $12 15 30 On June 1, Bramble sold 20 units, and on August 27, 40 more units. (a) Your answer is partially correct. Try again. Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to o decimal places, e.g. 1,250.) Product E2-D2 Purchases Cost of Goods Sold Date Balance May 600 240 June 1 July 28 3459 360 810 Aug. 27 540 Click if you would like to Show Work for this question: Open Show Work SHOW SOLUTIONSHOW ANSWER LINK TO TEXT Attempts: 5 of 5 used (b) Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round answers to o decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ June 15 July 28 Aug. 27 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Attempts: 0 of 5 used
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