B) calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with LIFO

7 Alrcard Corporation tracks the number of units purchased and sold throughout each accounting perlod 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 11.11 DO Cost ULE Unit July 1 Beginning Inventory 2.000 July Bold 1,000 July 13 Purchased 6,000 July 17 sola 3,000 July 25 Purchased 8.000 July 27 Bold 5.000 Required: Calculate the cost of ending Inventory and cost of goods sold assuming a perpetual inventory system is used in combination with ( FIFO and (6) LIFO 50 References 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 LIEO (Perpetual Units Cost per Unit Total $ 0 0 Beginning inventory Purchases July 13 July 25 Total Purchases 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 Ending Inventory 0