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Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Vaughn sold 25 units, and on
Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. On June 1, Vaughn sold 25 units, and on August 27, 46 more units. Prepare the perpetual inventory schedule for the above transactions using FIFO. Prepare the perpetual inventory schedule for the above transactions using LIFO. 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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