Nash's Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units Unit Price May 7 53 8 July 28 31 18 On June 1, Nash's sold 31 units, and on August 27, 43 more units. (a) Your answer is partially correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. Date May 7 June 1 3 3 Purchases Product E2-D2 Cost of Goods Sold Balance 424 424 248 E 176 July 28 558 Aug. 27 622