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Coronado Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 50

Coronado Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.

Date

Number of Units

Unit Price

May 7 50 $17
July 28 30 22

On June 1, Coronado sold 20 units, and on August 27, 40 more units.

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.)

Product E2-D2

Date

Purchases

Cost of Goods Sold

Balance

May 7 $

$

$

June 1 $

$

$

July 28 $

$

$

Aug. 27 $

$

$

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