7 Assignment Questions 7-10 (of 10) C7-1 Accounting for Changing Inventory Costs lLO 73, LO 751 In October, Nicole eliminated all existing inventory of cosmetic tems. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could manage a single produc lIne. Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventory using a perpetual Inventory system. On December 31, NGS purchased 25 units at a total cost of $5.80 per unit Nicoie purchased 30 more units at $7.80 in February. In March, Nicole purchased 15 units at $9.80 per unit In May, 60 units were purchased at $9.60 per unit. In June. NGS sold 60 units at a selling price of $11.80 per unit and 55 units at $11.20 per unit References nting for Changing Invento CC74 A Costs (LO 7-3, LO 7-5)