Business, 20.09.2020 16:01 orlando19882000

Lily 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 July 28 30 15 On June 1, Lily sold 20 units, and on August 27, 40 more units. Collapse question part (a)
Prepare the perpetual inventory schedule for the above transactions using FIFO.
(Round answers to 0 decimal places, e. g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance
May 7 550
June 1 220
July 28 450
Aug. 27 600

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Lily Department Store uses a perpetual inventory system. Data for product E2-D2 include the followin...