7 Booth Corp. uses the perpetual inventory system. Information related to Booth' inventory for September is given below. 1 Beginning inventory 400 units Sep $4,000 12,480 8 Purchase 1,200 units $10.00- @$10.40- 12 Sale 1,000 units 16 Purchase 24 Purchase 800 units 200 units $10.80 $11.60- 8,640 2,320 29 Sale 800 units Instructions (a) Calculate the ending inventory using the FIFO cost formula at September 30 (show calculations). (b) Calculate the ending inventory using the average cost formula at September 30 (show calculations) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIVS Paragraph Open Sans, V 10pt 20 I X 4 points Save