9. V's Violins uses a perpetual inventory system and reports the following inventory transactions for the month of July (see the picture). Calculate the cost of goods sold and ending inventory using FIFO (First In, First Out) Showing your math. (5K) *Note - you will use the COGS in your next question - 1 attachment - Date July 1 July 6 July 8 Transaction Inventory - July 1st Purchase Sale Units 270 500 (400) Unit Cost $20 $10 Total Cost $5400 $5000 Type your response here