8:30 Assignment_3 (1) - Saved Inventory ABC CO. is a partnership firm of 3 friends Alpha, Beta and Conny, They sell car wash cleaners. They use perpetual inventory system and made purchases and sales of a product in 2020 as fallows Part 1. Date Jan 1 Units 110 @ Price $ Total 7.00 (C.P) 770 Inventory . Inventory Sold Jan 10 80 @ Feb 7 Purchased Feb 15 Sold 300 @ 130 15.50(S. 1240 P] 6.30 (C.P) 1890 15.50 2015 (S.P) 6.10 (C.P) 3355 6.00 (C.P) 3000 15.50 10385 (S.P) S.P. Selling Mar 10 Purchased 550 @ Mar 27 Purchased 500@ Mar 29 Sold 670@ Price C.P = Cost Price Ques: Calculate the Gross profit and Cost of Good Sold for ABC. Co by using perpetual inventory system for Part 1 a. FIFO b. Moving Weighted Average Method (COGS: a) $5527b) $5476) ob