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Skysong's Department. Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Skysong's sold 16 units, and on
Skysong's Department. Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Skysong's sold 16 units, and on August 27,48 more units. (b) Your answer is partially correct. Prepare the perpetual inventory schedule for the above transactions using moving-average cost. (Round overage-cost per unit to 2 decimal places, eq. 25.16 and final answers to 0 decimal places, eg. 125.)
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