Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, e. 1,250.) Product E2-D2 Balance...
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Please help me find the following.

Sheffield Department Store uses a perpetual inventory system. Data for

product E2-D2 include the following purchases.


Date Number of Units Unit Price

May 7 50 $20

July 28 30 23

On June 1, Sheffield sold 20 units, and on August 27, 40 more units.


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Screen Shot 2019-12-10 at 9.26.29 PM.png

Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, e.g. 1,250.)
Product E2-D2
Balance
Date
Purchases
Cost of Goods Sold
May 7
$
$
$
June 1
$
$
$
July 28
$
$
Aug. 27
$
$
$

Screen Shot 2019-12-10 at 9.26.44 PM.png

Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round 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
$
$
$

Screen Shot 2019-12-10 at 9.26.54 PM.png

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
$
$
$
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Top Answer

Fifo Date Purchases Cost of Goods Sold Balance May -07 1000 1000 Jun -01 400 600 Jul -28 690 1290... View the full answer

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