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rk: Chapter 6 Question 4 of 5 < > -/7 E! Bonita Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 45 $14 July 28 25 17 On June 1, Bonita sold 20 units, and on August 27, 40 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold May 7 $ $ $ June 1 $ $ $. July 28 $ $ $ Aug. 27 $ $ Balance

rk: Chapter 6 Question 4 of 5 < > -/7 E! Bonita Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 45 $14 July 28 25 17 On June 1, Bonita sold 20 units, and on August 27, 40 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold May 7 $ $ $ June 1 $ $ $. July 28 $ $ $ Aug. 27 $ $ Balance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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rk: Chapter 6 Question 4 of 5 < > -/7 E! Bonita Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 45 $14 July 28 25 17 On June 1, Bonita sold 20 units, and on August 27, 40 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold May 7 $ $ $ June 1 $ $ $. July 28 $ $ $ Aug. 27 $ $ Balance
Transcribed Image Text:rk: Chapter 6 Question 4 of 5 < > -/7 E! Bonita Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 45 $14 July 28 25 17 On June 1, Bonita sold 20 units, and on August 27, 40 more units. (a) Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold May 7 $ $ $ June 1 $ $ $. July 28 $ $ $ Aug. 27 $ $ Balance
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