Perpetual Inventory Calculations Kennedy Electric is a wholesaler for commercial builders. The company uses a perpetual inven- tory system and a FIFO cost-flow assumption. The data concerning Kennedy Electric for the year 20X8 follows: Purchased Sold Balance December 31, 20X7 120 @ $5-$600 February 10, 20X8 80 @$6 $480 April 14 g 60 May 9 110 $7 $ 770 July 14 120 October 21 100 $8 $ 800 November 12 75 Total 290 $2,050 255 Calculate the ending inventory balance in units and dollars.