Question
Cheyenne Corp. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. May 7 125 (units) $11 (price) July 28 75 (units)
Cheyenne Corp. uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
May 7 125 (units) $11 (price)
July 28 75 (units) $18 (price
On June 1, Cheyenne sold65units, and on August 27,100more units.
- Prepare the perpetual inventory schedule for the above transactions using FIFO.(Round answers to 0 decimal places, e.g. 1,250.)
- Prepare the perpetual inventory schedule for the above transactions using LIFO.(Round answers to 0 decimal places, e.g. 1,250.)
- Prepare the perpetual inventory schedule for the above transactions using moving-average cost.(Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answers to 0 decimal places, e.g. 1,250.)
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Management Leading And Collaborating In A Competitive World
Authors: Thomas S Bateman, Scott A Snell, Robert Konopaske
15th International Edition
978-1265051303
