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Cullumber Company uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 July 28
Cullumber Company uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 July 28 50 30 15 On June 1, Cullumber sold 26 units, and on August 27,40 more units. Your answer is partially correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, eg. 1,250.) Date May 7 June 1 C July 28 Product E2-D2 Purchases Cost of Goods Sold _ Balance 200 0 0 $ 200 1 C104 026 ( 450 C s Aug. 27 $ 0 e Textbook and Media Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round answers to decimal places, eg. 1,250.) Purchases Product E2-D2 Cost of Goods Sold $ Date May 7 Balance $ $ June 1 $ June 1 $C July 28 $ C $C SDD July 28 $ e Textbook and Media X Your answer is incorrect. Prepare the perpetual inventory schedule for the above transactions using moving average cost. (Round average-cost per unit to 2 decimal places, eg. 12.50 and final answers to O decimal places, e.g. 1.250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 CCC June 1 $ July 28 $ C C Aug.27 $
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