Sheridan Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 Number of Units 60 35 Unit Price $12 15 On June 1, Sheridan sold 25 units, and on August 27, 40 more units. (a) Your answer is correct. 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 7 720 0 720 $ $ June 1 0 300 420 July 28 525 0 945 $ Aug. 27 0 495 450 (b) Your answer is correct. Prepare the perpetual inventory schedule for the above transactions using LIFO. (Round answers to 0 decimal places, e.g. 1,250.) Product E2-D2 Date Purchases Cost of Goods Sold Balance May 7 720 0 720 June 1 0 300 420 July 28 525 0 94 $ Aug. 27 585 360 Click if you would like to Show Work for this question: Open Show Work (c) Your answer is partially correct. Try again. Prepare the perpetual inventory schedule for the above transactions using moving average cost. (Round average-cost per unit to 2 decimal places, e.g. 12.50 and final answers to o decimal places, e.g. 1,250.) Product E2-D2 Purchases Cost of Goods Sold Date Balance May 7 720 720 June 1 300 420 July 28 525 945 X Aug. 27 570 375 Click if you would like to Show Work for this question: Open Show Work