Apr. 19 The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory Sale Purchase 3,800 units at $39 2,300 units 4,600 units at $43 5,200 units June 30 Sept. 2 Nov. 15 Sale Purchase 1,800 units at $46 The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the first-in, first-out method. Present the data in the form lustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost columm Schedule of Cost of Goods Sold FIFO Method Date Quantity Purchases Unit Cost Cost of Goods Sold Total Cost Quantity Unit Cost Total Cost Quantity Inventory Unit Cost Total Cost Jan. 1 3,800 Apr. 19 2,300 39 89,700 1,500 39 V 39 V 148,200 58,500 x 39 June 30 46,800 X 4,500 197,800 4,600 43 197,800 Sept. 2 Nov. 15 1,800 x 46 82,800 Dec 31 Balances x 43 X x 46 46