Lily Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Cost May 7 50 $10 July 28 30 30 17 On June 1, Lily sold 24 units, and on August 27, 44 more units. (a) Your answer is partially correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. Date Purchases May 7 June 1 500 July 28 510 Aug. 27 eTextbook and Media Product E2-D2 Cost of Goods Sold Balance 240 500 260 770 0 $ 540 230 Assistance Used