Chapter 6 - Part II SOLUTIONS Winter 2020 . Calculate the ending inventory and cost of goods sold for January using the FIFO and perpetual method: # units Cost/unit Total COGS # units Cost/unit Total inventory Date 02/01/20 Beginning inventory 2,873 1,709 4,582 96.35 102.17 276.813.55 174,608.53 451,422.08 02/05/20 Sold 2,500 units 02/12/20 Purchased 3,000 units @ $102.58 02/22/20 Sold 4,750 units 02/26/20 Purchased 2,000 units @ $102.65 02/22/20 Sold 1,950 units Inventory- COGS . Calculate the lower of cost or market for the following inventory items: Units Units x LCM 84 61 55 39 Inventory items Bicycle - off-road Scooters Roller blades Wagons Original cost Replacement 135.96 130.25 67.48 68.07 37.45 39.71 44.68 44.54 Total inventory value: $