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Swifty Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7
Swifty 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 $15 July 28 30 18 On June 1, Swifty sold 25 units, and on August 27, 42 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. Date Purchases $ Product E2-D2 Cost of Goods Sold May 7 $ $ June 1 $ $ $ July 28 $ $ $ Aug. 27 $ $ $ eTextbook and Media Save for Later (b) Prepare the perpetual inventory schedule for the above transactions using LIFO. (c) Date Purchases Product E2-D2 Cost of Goods Sold May 7 $ $ $ June 1 $ $ $ July 28 $ $ $ Aug. 27 $ $ $ eTextbook and Media Save for Later Balance Attempts: 0 of 5 used Submit Answer Balance 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 O decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ $ $ June 1 $ $ $ July 28 $ $ $ Aug. 27 $ $ $ eTextbook and Media Save for Later Attempts: 0 of 5 used Submit Answer
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