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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.
Problem 1: What is the perpetual inventory schedule for the above transactions using FIFO? (Round answers to 0 decimal places, e.g. 1,250.)
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