\begin{tabular}{|ccc|}
\hline
Date & Number of Units & Unit Cost \\
\hline
May 7 & 50 & \[tex]$15 \\
July 28 & 30 & \$[/tex]15 \\
\hline
\end{tabular}

On June 1, Swifty sold 26 units, and on August 27, 43 more units.

(a) Prepare the perpetual inventory schedule for the above transactions using FIFO.

\begin{tabular}{|c|c|c|c|c|c|}
\hline
\multicolumn{6}{|c|}{Product E2-D2} \\
\hline
Date & Purchases & Units & Cost per Unit & Total Cost & Balance \\
\hline
May 7 & 50 & \[tex]$15 & \$[/tex]750 & 50 units \\
\hline
June 1 & (26 units sold) & 24 units & \[tex]$15 & \$[/tex]360 & 24 units \\
\hline
July 28 & 30 units & \[tex]$15 & \$[/tex]450 & 54 units \\
\hline
Aug. 27 & (43 units sold) & 11 units & \[tex]$15 & \$[/tex]165 & 11 units \\
\hline
\end{tabular}