1. Which ercise live highest profic in the chaper Aar 2. If costs were rising instead of falling, which method would resis in the highest pr 6-8 Alternative cost flow assumptions-perpetual Inventory system L02 X CHECK FIGURES: 3. COGS a. $11.388 b. $11,484 Head Smart sells bicycle helmets for $130 in a large mall. Head Smart uses a perpetual inventory system and made purchases and sales in July as follows: July 1 Beginning inventory. July 3 Purchase... Required July 6, Purchase July 17 Sale July 23 Purchase. July 31 Sale 2115 545 116 un 851 9 556 61 units 62 units 9 556 152 units 1. Calculate the total goods available for sale (in units and cost). 2. Calculate the number of units sold and 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: a. FIFO b. Moving weighted average 443