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Weygandt, Financial Accounting: IFRS, 3e ctice Assignment Gradebook ORION Downloadable eTextbook ment CALCULATOR MESSAGE HY INSTRUCE Brief Exercise 6-8 Shamrock's Department Store, Ltd. uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Number of Units 228 137 May 7 July 28 On June 1, Shamrock's sold 137 units, and on August 27, 159 more units. E6 15 Your answer is correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Purchases Cost of Goods Sold May 7 June 1 July 28 Aug. 27 1368 546 2601 1035 1368 822 2055 1566 SHOW SOLUTION