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. Units Unit Cost July 1 2,300 $43 Beginning Inventory Sold Purchased Sold Purchased Sold July 5 July 13 July 17 July 25 July 27 47 1,150 6,300 3,300 8,300 5,300 53 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. Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with (a) FIFO and (6) LIFO. (a) FIFO FIFO (Perpetual) Units Cost per Unit Total Beginning Inventory $ 0 Purchases July 13 July 25 Total Purchases 0 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Units from July 25 Purchase Total Cost of Goods Sold 0 Ending Inventory (b)LIFO LIFO (Perpetual) Units Cost per Unit Total Beginning Inventory $ 0 Purchases July 13 July 25 Total Purchases 0 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Units from July 25 Purchase Total Cost of Goods Sold 0 Ending Inventory