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 correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. Date May 7 $ June 1 $ Purchases 825 Product E2-D2 Cost of Goods Sold July 28 $ 630 $ Aug. 27 $ 69 i $ Balance 825 $ 450 $ 375 A $ 1005 807 $ 198