11. Able Company reports the following transactions during the month of April: April 1 Beginning inventory April 5 purchases April 9 purchases April 27 sale 10 units @ $8 cost 8 units @ $15 cost 10 units @ $9 cost 15 units Assume the perpetual inventory method is used. Determine the costs assigned to cost of goods sold and ending inventory at April 30 using FIFO Use the work paper provided. Tony's Specialty Shop starts a merchandising business on March 1. During the month the following purchases were made: 12. March 2 March 5 March 22 11 units @$8 cost 6 units @ $12 cost 10 units @ $9 cost On March 15, the company sold 12 units. Tony's Specialty Shop uses the perpetual inventory system. Determine the costs assigned to cost of goods sold and ending inventory at March 30 using LIFO. Use the work paper provided