Brief Exercise 6-9 Rosario Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
Date
Number of Units
Unit Price
May 7
171
$10
July 28
102
13
On June 1, Rosario sold 89 units, and on August 27, 136 more units.
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Prepare the perpetual inventory schedule for the above transactions using FIFO. (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
$
$
$
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Your answer is partially correct. Try again.
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
$
$
$
Link to Text
Your answer is partially correct. Try again.
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.)
Solution: Brief Exercise 6-9 Rosario Department Store uses a perpetual