Brief Exercise 6-10 a-c Swifty Department Store uses a perpetual Inventory system. Data for product...
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Brief Exercise 6-10 a-c Swifty Department Store uses a perpetual Inventory system. Data for product E2-D2 Include the following purchases. Number of Units Unit Price Date May 7 July 28 $10 30 On June 1, Swifty sold 20 units, and on August 27, 40 more units. Your answer is partially correct. Try again. Prepare the perpetual Inventory schedule for the above transactions using FIFO. (Round answers to o decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods SoldBalance May 7 U500 May 7 1500 June July 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 ? 500 500 Aug. 27 Prepare the perpetual inventory schedule for the above transactions using moving-average cost. Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 May 7 5oo July 28 L30 J 630
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