assignment/takeAssignmentMan do invoker88 Back Calc Perpetual Inventory Using FIFO The following units of a particular tem were available for sale during the calendar year: 4,000 units at $20 Jan 1 2.500 units Sale 30 Purchase 6,000 units at $24 Sept. 2 Sale 4500 units Nov 15 Purchase 1,000 units at 525 The firm maintains a perpetual inventory system. Determine the cost of merchandise sold for each sale and the inventory balance after each sale, assu the first in test-out method. Present the data in the form illustrated in the 3. Under FIFO, if units are in inventory at two different costs, enter the with the LOWER un contrast in the cost of Merchandise Sold Unit Cost column and in the Inventory Unit Cost column Schedule of Cost of Merchandise Sold FIFO Method Purchases Cost of Merchandise Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Apr 19 Nel Submit Augmentford acer