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Windsor, Inc. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 195
Windsor, Inc. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 195 $6 July 28 117 19 On June 1, Windsor sold 101 units, and on August 27, 156 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to O decimal places, e.g. 1,250.) Date Purchases May 7 $ June 1 July 28 +A $ Aug. 27 1950 Product E2-D2 Cost of Goods Sold Balance $ 2223 +A $ +A $ +A +A $ $ +A +A 1950
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