1 10 points Exercise 6-5 Alternative cost flow assumptions-perpetual inventory system LO2 Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as follows: References Jan. 1 Beginning inventory 110 units @ $ 6.40 = $ Jan. 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct. 3 Purchased Oct. 5 Sold 80 units @ $14.90 240 units @ $ 5.70 - 130 units @ $14.90 = 490 units @ $ 5.50 440 units @ $ 5.40 570 units @ $14.90 - - 1,937.00 2,695.00 2,376.00 8,493.00 - - 704.00 1,192.00 1,368.00 Required: 1. Calculate the total goods available for sale (in units and cost). Total goods available for sale Units Cost 1,280 $ 7,143 1 2. Calculate the number of units sold and units remaining in ending inventory. 10 Number of units sold points References Number units remaining in ending inventory 3. Determine the share of the cost of goods available for sale calculated in Part 1 that should be assigned to ending inventory and to goods sold under: (Do not round the intermediate calculations and round the final answers to nearest whole dollar.) a. FIFO b. Moving weighted average Ending Inventory Cost of Goods Sold