Answered>Order 1072

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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     228                          $10

July 28     137                          13

On June 1, Rosario sold 119 units, and on August 27, 182 more units.

Prepare the perpetual inventory schedule for the above transactions using FIFO

Date     Purchases    Cost of Goods Sold   Balance

May 7     ______         ________                  ______

June1

June 28

Aug 27

 
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