Question: Current Attempt in Progress Crane Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units

Current Attempt in Progress Crane Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units

Current Attempt in Progress Crane Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 45 $10 July 28 25 13 On June 1, Crane sold 20 units, and on August 27, 44 more units. Prepare the perpetual inventory schedule for the above transactions using LIFO. Date Purchases May 7 June 1 July 28 Aug. 27 450 Product E2-D2 Cost of Goods Sold Balance 325 $ 200 450 250 575 425 $ 140

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