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Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 55
Sheffield Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
Date | Number of Units | Unit Cost | |||
---|---|---|---|---|---|
May 7 | 55 | $10 | |||
July 28 | 30 | 13 |
On June 1, Sheffield sold 25 units, and on August 27, 47 more units.
0.44/4 III e Textbook and Media Save for Later Attempts:0 of 5 used Submit Answer Prepare the perpetual inventory schedule for the above transactions using moving average cost. (Round average cost per unit to 3 decimal places, eg. 12.50 and final answers to decimal places, eg. 1.250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ $ $ June 1 $ $ 5 $ $ July 28 $ $ $ Aug. 27 $ e Textbook and Media Attempts: 0 of 5 used Submit Answer Save for Later * N 1 Question 2 of 7Step by Step Solution
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