Coronado 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 $18 July 28 30 20 On June 1, Coronado sold 25 units, and on August 27,42 more units. (a) Your answer is partially correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ 810 $ i $ 810 June 1 $ i $ 450 $ 360 July 28 $ 600 $ i $ 960 Aug. 27 $ i $ $ I Your answer is incorrect. In its first month of operations, Vaughn Company made three purchases of merchandise in the following sequence: (1) 330 units at $8, (2) 470 units at $9, and (3) 220 units at $10. Assuming there are 390 units on hand, compute the cost of the ending inventory under the (a) FIFO method and (b) LIFO method. Vaughn uses a periodic inventory system. FIFO LIFO Cost of the ending inventory $ $