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Please help to solve and explain the steps in this question. Thank you. Brief Exercise 6-10 a-c (Part Level Submission) Coronado Department Store uses a

Please help to solve and explain the steps in this question. Thank you.

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Brief Exercise 6-10 a-c (Part Level Submission) 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. (a) 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 $ June 1 $ $ July 28 $ Aug. 27 $ $

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