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Question - Swifty Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases.
Date: May 7 Number of Units 40 Unit Price $10
Date: July 28 Number of Units 30 Unit Price $13
On June 1, Swifty sold 20 units, and on August 27, 40 more units
Required - Prepare the perpetual inventory schedule for the above transaction using LIFO and Average Inventory?
Quantity Variances Lindsey Toy Company produced 13,000 stuffed bears. The standard direct-material allowance is 1.5 kilograms per bear, at a cost per kilo.
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