Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a perpetual inventory system. The following are the transactions for the month of July July 1 Units Unit Cost Beginning Inventory 3,200 $ 52 July 5 Sold 1,600 July 13, Purchased 7,200 56 July 17 July 25 July 27 Sold 4,200 Purchased Sold 9,200 62 6,200 Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with (a) FIFO and (b) LIFO Complete this question by entering your answers in the tabs below. Required A Required B Calculate the cost of ending inventory and cost of goods sold assuming a perpetual Inventory system is used in combination with FIFO. Beginning Inventory Purchases July 13 July 25 www FIFO (Perpetual) Units Cost per Unit Total < Prev of B