A company has the following information: EEB Click the icon to view the information.) The company uses a perpetual inventory system. Data Table Sales in Transaction Units Units Unit Cost Total Cost a) Assume the FIFO inventory costing method cost of goods sold for the year is $ Beginning inventory 1/1 Purchases February 8 March 15 April 10 39,000 S 3.00 S117,000 (b) Assume the LIFO inventory costing method cost of ending inventory isS 45,000 98,000 64,000 246,000 3.40 4.60 4.70 153,000 450,800 300,800 S 1,021,600 Subtotal Units Sold -April 22 at $17 156,000 83,000 24,000 May 9 5.10 423,300 124,800 1,569,700 June 19 5.20 Subtotal 53,000 Units Sold - August 11 at $18 111,000 21,000 46,000 7,000 427,000 5.30 5.40 5.50 111,300 248.400 38.500 S 1,967,900 October 30 November 17 Subtotal Units Sold-December 21 at $22 26,000 427,000 (293,000) 134,000 Total available for sale Total units sold Ending inventory PrintDone Assume that a company uses a perpetual inventory. Additional information follows EEB (Click the icon to view the information.) Requirement 1. Assuming FIFO inventory costing, determine the cost of ending inventory: Data Table Requirement 2. Assuming LIFO inventory costing, determine cost of goods sold for the year Transaction Units 3,200 4,300 1,000 2,500 9,200 5,000 3,800 8,100 1,200 Beginning inventory 11 Purchases, January 23 Purchases, February 14 Purchases, March 17 Unit Cost 17.10 16.80 16.90 17.10 Units Sold- April 13 at $21 Purchases, May 5 Purchases, July 4 15.80 16.80 Units Sold - October 31 at $17 Purchases, November 22 15.50