Sunland Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 a) b) c) Number of Units 45 30 Unit Cost On June 1, Sunland sold 25 units, and on August 27, 43 more units. $13 16 Prepare the perpetual inventory schedule for the above transactions using moving average cost. (Round average-cost decimal places, eg. 12.50 and final answers to O decimal places, eg. 1.250)

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Sunland Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
Date
May 7
July 28
(a)
(b)
Date
May 7
On June 1, Sunland sold 25 units, and on August 27,43 more units.
June 1
Number of Units
July 28
Aug. 27
Prepare the perpetual inventory schedule for the above transactions using moving average cost. (Round average-cost pe
decimal places, eg. 12.50 and final answers to 0 decimal places, eg. 1.250)
5
45
S
30
S
Unit Cost
$13
Purchases
16
Product E2-D2
S
S
in
16
Cost of Goods Sold
$
5
S
in
Balance
Transcribed Image Text:Sunland Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 (a) (b) Date May 7 On June 1, Sunland sold 25 units, and on August 27,43 more units. June 1 Number of Units July 28 Aug. 27 Prepare the perpetual inventory schedule for the above transactions using moving average cost. (Round average-cost pe decimal places, eg. 12.50 and final answers to 0 decimal places, eg. 1.250) 5 45 S 30 S Unit Cost $13 Purchases 16 Product E2-D2 S S in 16 Cost of Goods Sold $ 5 S in Balance
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