Question 7 of 19 0.28 View Policies Show Attempt History Current Attempt in Progress Sunland Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 55 $15 July 28 35 18 On June 1, Sunland sold 30 units, and on August 27,49 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 to $ May 7 825 i TA 825 i TA $ 6 450 $ $ 375 June 1 630 ta i LA $ $ 1005 July 28 762 ta $ Aug. 27 $ (b) Prepare the perpetual inventory schedule for the above transactions using LIFO. Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 ta $ $ $ June 1 $ $ ta $ I July 28 $ TA $ $ Aug. 27 $ CA $ $ Prepare the perpetual inventory schedule for the above transactions using moving-average cost. (Round average-cost per unit to 3 decimal places, eg. 12.50 and final answers to 0 decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 $ $ $ June 1 $ ta $ ta $ $ July 28 ta $ $ $ $ Aug. 27 N eTextbook and Media