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Sheridan Department Store uses a perpetual inventory system and had no units in beginning inventory as of May 7. On June 1, Sheridan sold 28

image text in transcribed Sheridan Department Store uses a perpetual inventory system and had no units in beginning inventory as of May 7. On June 1, Sheridan sold 28 units, and on August 27, 36 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, e.g. 1,250.)

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