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Prepare the perpetual inventory schedule Blue Spruce Corp. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units
Prepare the perpetual inventory schedule
Blue Spruce Corp. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 170 $7 July 28 102 20 On June 1, Blue Spruce sold 88 units, and on August 27, 136 more units. Your answer is partially correct. 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 $ 1190 $ $ 1190 June 1 $ 0 $ 616 $ 574 July 28 $ 2040 $ 0 $ 2614 Aug. 27 $ 0 $ $ e Textbook and Media X Your answer is incorrect. 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 $ $ $ June 1 $ $ $ July 28 $ $ Aug. 27 $ $ $ 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 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 $ $ e Textbook and MediaStep by Step Solution
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