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Whispering Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 46

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

Date

Number of Units

Unit Price

May 7 46 $10
July 28 30 13

On June 1, Whispering sold 28 units, and on August 27, 38 more units.

Prepare the perpetual inventory schedule for the above transactions using FIFO.

Product E2-D2

Date

Purchases

Cost of Goods Sold

Balance

May 7

$

$

$

June 1

$

$

$

July 28

$

$

$

Aug. 27

$

$

$

eTextbook and Media

Prepare the perpetual inventory schedule for the above transactions using LIFO.

Product E2-D2

Date

Purchases

Cost of Goods Sold

Balance

May 7

$

$

$

June 1

$

$

$

July 28

$

$

$

Aug. 27

$

$

$

eTextbook and Media

Prepare the perpetual inventory schedule for the above transactions using moving-average. (Round average cost per unit to 2 decimal places, e.g. 1.28 and final answers to 0 decimal places, e.g. 5,125.)

Product E2-D2

Date

Purchases

Cost of Goods Sold

Balance

May 7

$

$

$

June 1

$

$

$

July 28

$

$

$

Aug. 27

$

$

$

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