Box Office Projectors began the month of August with three movie projectors in inventory, each unit costing $35U. During AugL model were purchased (Click the icon to view the additional information.) Assume Box Office uses a periodic record-keeping system and the LIFO cost flow method. 1. Calculate the cost of goods sold that will appear on the income statement for the month of August 2. Determine the cost of inventory that will appear on the balance sheet at the end of August. a. Calculate the cost of goods sold that will appear on the income statement for the month of August. (Enter D's for any layers whe Units Cost per Unit Total Cost Units from beginning inventory Units from August 11 purchase Units from August 14 purchase X. Units from August 26 purchase Cost of Goods Sold - LIFO method Enter any number in the edit flelds and then continue to the next