Question: Please help with explanations please Crane Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. Date Number of Units

Please help with explanations please Crane Department Store uses a perpetual

inventory system. Data for product E2-D2 include the following purchases. Date Number

Please help with explanations please

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. Product E2-D2 Date Purchases Cost of Goods Sold May 7 June 1 July 28 Aug. 27 +A LA $ $ +A LA LA $ Balance

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