4 Beta Prepare the following chart for Beta Company's December transactions. Beta uses a perpetual inventory system and the FIFO cost flow assumption. Sales boxes, if applicable to the transaction, must be by units, unit sales price and total sales price. Purchases and COGS boxes, if applicable to the transaction, must be by units, unit cost, and total cost. The inventory balance must be updated after each transaction and must be shown by units, unit cost and total cost. December 1, Beginning Inventory 235 units @ $16 each=$ 3,760 December 12, Purchase 180 units @ $15 each= $ 2,700 December 18, Purchase 370 units @ $14 each=$ 5,180 December 20, Sale 400 units @ $30 each= $12,000 December 31, Physical Count 350 units (This chart continues on page 2) Date Sales Purchases Inventory Cost of Goods Sold Inventory Balance Beginning Balance, December 1 December 12 December 18 December 20