1 A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. Determine the cost assigned to ending inventory and cost of goods sold using FIFO. Date ActivitiesUits Acquired at Cost Units Sold at Retail April 1 Beginning Inventory 175 units @$15.0 Purchas 150 units @ $16.0 200 units $17.00 160 units $18.00 Sales 160 units S30.00 Purchas Sal 150 units @ $32.00 Date Purchases Cost of Goods Sold Inventory Balance Units Units Units Cost per Unit TotalCost per Unit Total Cost per Unit Total