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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Question

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.

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
\$
\$
\$

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
\$
\$
\$

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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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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