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Brief Exercise 6-9 (Part Level Submission) Rosario Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of Units Date Unit Price May 7 $10 13 July 28 On June 1, Rosario sold 26 units, and on August 27, 40 more units. Date May 7 (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, e.g. 1,250.) June 1 July 28 85 Aug. 27 51 30 Product E2-D2 Purchases Cost of Goods Sold Balance

Brief Exercise 6-9 (Part Level Submission) Rosario Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of Units Date Unit Price May 7 $10 13 July 28 On June 1, Rosario sold 26 units, and on August 27, 40 more units. Date May 7 (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, e.g. 1,250.) June 1 July 28 85 Aug. 27 51 30 Product E2-D2 Purchases Cost of Goods Sold Balance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Brief Exercise 6-9 (Part Level Submission) 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 51 30 $10 13 July 28 On June 1, Rosario sold 26 units, and on August 27, 40 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, e.g. 1,250.) Date May 7 June 1 July 28 Aug. 27 Product E2-D2 Purchases Cost of Goods Sold Balance
Transcribed Image Text:Brief Exercise 6-9 (Part Level Submission) 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 51 30 $10 13 July 28 On June 1, Rosario sold 26 units, and on August 27, 40 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. (Round answers to 0 decimal places, e.g. 1,250.) Date May 7 June 1 July 28 Aug. 27 Product E2-D2 Purchases Cost of Goods Sold Balance
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 May 7 June 1 July 28 Aug. 27 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 $ Balance $ Adambaf & send euron vER OURNEY ANGHIER
Transcribed Image Text: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 May 7 June 1 July 28 Aug. 27 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 $ Balance $ Adambaf & send euron vER OURNEY ANGHIER
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