Vaughn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.

Date

Number of Units

Unit Price

May 760$17July 284022

On June 1, Vaughn sold20units, and on August 27,40more units.

Prepare the perpetual inventory schedule for the above transactions using moving-average cost.(Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answers to 0 decimal places, e.g. 1,250.)

Product E2-D2

Date

Purchases

Cost of Goods Sold

Balance

May 7$

$

$

June 1$

$

$

July 28$

$

$

Aug. 27$

$

$