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Concord Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 (a) Date Number of

Concord Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 (a) Date Number of Units May 7 On June 1, Concord sold 25 units, and on August 27, 45 more units. June 1 July 28 Your Answer Correct Answer (Used) 45 Prepare the perpetual inventory schedule for the above transactions using FIFO. Aug. 27 30 $ $ Unit Cost $13 $ $ 15 Purchases 585 1 450 1 Product E2-D2 $ $ $ $ Cost of Goods Sold i 325 1 635 $ SA Balance 585 260 710 75
part b is where im struggling image text in transcribed
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Concord Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Concord sold 25 units, and on August 27,45 more units. (a) Prepare the perpetual imventory schedule for the above transactions using FIFO. Prepare the perpetual inventory schedule for the above transactions using LIFO

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