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Jensen's Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.

Date Number of Units Unit
Price
May 7 50 $11.00
July 28 30 $14.30

On June 1 Jensen's sold 30 units, and on August 27, 40 more units. Prepare the perpetual inventory schedule for the above transactions using (1) FIFO, (2) LIFO, and (3) average-cost. (If there is no entry, enter 0 for the amount. Round the unit average-cost to 2 decimal places. Round answers to 2 decimal places.)

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M992109

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