2) A company reported the current month purchase and sales data for its only product and...

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2) 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 LIFO. Show all your work by creating a table. 8 points Date Activities Units Acquired at Cost Units Sold at Retail Beginning April 1 Inventory 175 units @ $15.00 4 Purchase 150 units @ $16.00 Sales 160 units @ $30.00 10 Purchase 200 units @ $17.00 16 Sales 250 units @ $30.00 25 Purchase 160 units @ $18.00 28 Sales 150 units @ $32.00 2) 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 LIFO. Show all your work by creating a table. 8 points Date Activities Units Acquired at Cost Units Sold at Retail Beginning April 1 Inventory 175 units @ $15.00 4 Purchase 150 units @ $16.00 Sales 160 units @ $30.00 10 Purchase 200 units @ $17.00 16 Sales 250 units @ $30.00 25 Purchase 160 units @ $18.00 28 Sales 150 units @ $32.00