SHOW SOLUTION LINK TO TEXT (b) Prepare the perpetual inventory schedule for the above transactions using LIFO. Product E2-D2 Balance Date Purchases May 7 $ June 1 July 28 $ Aug. 27 Cost of Goods Sold LINK TO TEXT CES Brief Exercise 6A-5 a-c rk Pronghorn Department Store uses a perpetual inventory system. Data for product E2-D2 include the following purchases. DateNumber of Units Unit Price May 7 July 28 On June 1, Pronghorn sold 28 units, and on August 27, 39 more units. 52 27 $10 12 tudy Your answer is correct. Prepare the perpetual inventory schedule for the above transactions using FIFO. Product E2-D2 Date Purchases Cost of Goods Sold Balance 520 520 June 1 July 28 Aug. 27 280 240 564 324 144 420