AP-4A LO e a bookseller, had the following transactions during the month of August 2018 and uses the perpetual inventory system. Aug 1 Bought 10 novels at $30 each Aug 2 Bought 10 bags at $45 each Aug 5 Sold 5 novels Aug 10 Bought 15 pencil cases at $5 each Aug 21 Sold 3 bags Required a) Calculate the value of inventory at each date using the specific identification method. Show the ending inventory for August 2018. Purchases Date Sales Balance Quantity Unit Cost Value Quantity Unit Cost Value Quantity Unit Cost Value Aug 1 $0 Aug 1 Aug 2 Aug 5 Aug 10 Aug 21 Ending Inventory Inventory Valua Chapter 8 b) Calculate the COGS for August