3 Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a perpetual inventory system. The following are the transactions for the month of July. 1.25 points Units Unit Cost July 1 July 5 Beginning Inventory 2,900 $ 49 Sold 1,450 July 13 Purchased 6,900 53 July 17 Sold 3,900 July 25 Purchased 8,900 59 eBook July 27 Sold 5,900 References Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with (a) FIFO and (b) LIFO. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with LIFO. Beginning Inventory Purchases July 13 July 25 Total Purchases Goods Available for Sale Cost of Goods Sold LIFO (Perpetual) Units Cost per Unit Total $ 0 Units from Beginning Inventory Units from July 13 Purchase Units from July 25 Purchase Total Cost of Goods Sold Ending Inventory 0