3. Perpetual LIFO and Periodic FIFO. Matlock Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2017. Quantities Unit Price Date January 11 January 24 February 8 March 16 June 11 Purchased SoldBalance of Purchase 400 1,700 1,400 840 1,440 $4.65 1,300 $4.90 300 560 600 $5.10 Instructions (a) Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. Perpetual inventory schedule ActivitY Units S/Unit Jan 11 Jan. 24 Jan 24 Feb. 8 Feb. 8 March 16 March 16 June 11 Ending Inventory 400 1,300 1,700 300 1,400 560 840 600 1,440 4.65 4.90 Balance Purchased Balance Sold Balance Sold Balance Purchased s 5.10