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What is perpetual inventory schedule for the transactions

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Question - Concord 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 $15

July 28 30 22

On June 1, Concord sold 24 units, and on August 27, 40 more units.

Required - What is the perpetual inventory schedule for the above transactions using FIFO?

Reference no: EM132740563

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