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Monty Corp. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 240 $10

Monty Corp. uses a perpetual inventory system. Data for product E2-D2 include the following purchases.

Date

Number of Units

Unit Price

May 7 240 $10
July 28 144 15

On June 1, Monty sold 125 units, and on August 27, 192 more units.

Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, e.g. 1,250.)

Product E2-D2

Date

Purchases

Cost of Goods Sold

Balance

May 7

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

June 1

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

July 28

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

Aug. 27

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

eTextbook and Media

Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round answers to 0 decimal places, e.g. 1,250.)

Product E2-D2

Date

Purchases

Cost of Goods Sold

Balance

May 7

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

June 1

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

July 28

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

Aug. 27

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

eTextbook and Media

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

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

June 1

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

July 28

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

Aug. 27

$enter a dollar amount

$enter a dollar amount

$enter a dollar amount

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