AC114 Unit 10 Lab Assignment Question 2 of 7 < 0.22/4 Waterway Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 45 $13 July 28 25 16 On June 1, Waterway sold 20 units, and on August 27, 45 more units. (a) Your answer is partially correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. Date May 7 $ Purchases Product E2-D2 Cost of Goods Sold 45 $ 13 Balance 585 !!!