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Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Sheffield sold 26 units, and on
Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Sheffield sold 26 units, and on August 27, 44 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. eTextbook and Media Attempts: 0 of 5 used (b) Prepare the perpetual inventory schedule for the above transactions using LIFO. eTextbook and Media Attempts: 0 of 5 used (c). Prepare the perpetual inventory schedule for the above transactions using moving-average cost. (Round average-cost per unit to 3 decimal places, e.g. 12.50 and final answers to 0 decimal places, e.g. 1,250.)
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