A company has the following information: (Click the icon to view the information.) The company uses a perpetual inventory system. Transaction Units Units Unit Cost Total Cost 33,000 $ 3.00 $ 99,000 (a) Assume the FIFO inventory costing method: cost of goods sold for the year is $ Beginning inventory 1/1 Purchases February 8 March 15 45,000 3.70 100,000 4.10 166,500 410,000 243,600 (b) Assume the LIFO inventory costing method: cost of ending inventory is $ 58,000 April 10 4.20 236,000 GA 919,100 Subtotal Units Sold - April 22 at $17 May 9 149,000 4.80 403,200 84,000 33,000 June 19 4.90 161,700 Subtotal 353,000 $ 1,484,000 119,000 Units Sold - August 11 at $19 September 20 October 30 5.00 70,000 14,000 46,000 10,000 5.10 234,600 53,000 November 17 5.30 423,000 $ 1,841,600 Subtotal Units Sold - December 21 at $21 21,000 Total available for sale 423,000 (289,000) Total units sold 134,000 Ending inventory Print Done Enter your answer in the edit fields and then click Check