Solution-Prepare the perpetual inventory schedule

Prepare the perpetual inventory schedule

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Reference no: EM132473356

Question - Swifty 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	$10
July 28	30	13

On June 1, Swifty sold 20 units, and on August 27, 40 more units.

Required - Prepare the perpetual inventory schedule for the above transactions using FIFO.

Reference no: EM132473356

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Prepare the perpetual inventory schedule

Reference no: EM132473356

Reference no: EM132473356

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