6 Nash's Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date May 7 July 28 (a) Date Number of Units On June 1, Nash's sold 31 units, and on August 27, 43 more units. Your answer is partially correct. May 7 £ June 1 July 28 Aug 27 Prepare the perpetual inventory schedule for the above transactions using FIFO. 53 £ 31 £ Unit Price £ Purchases £8 424 18 558 Product E2-D2 DOO [11 £ Cost of Goods Sold £ 248 622 £ E £ £ Balance 424 110 176

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