Classique Designs sells a variety of merchandise, including school shoes for girls. The business began the last quarter of 2013 with 30 pairs of the "Aerosoles" brand at a total cost of $54,000. The following transactions, relating to the "Aerosoles" brand were completed during the quarter: Purchased 45 pairs of shoes at a cost of $1,900 each. October 3 October 15 October 26 November 10 November 14 November 24 November 30 December 4 December 15 December 30 Sold 55 pairs to Casually Elegant Ltd at a unit price of $2,780 Purchased 70 pairs at a cost of $2,400 each but these were subject to a trade discount of 5%. Sold 60 pairs to Best City Store which yielded total sales revenue of $192,000. Owing to an increased demand for this brand, the manager of Classique purchased 80 additional pairs of the "Aerosole" brand at a unit cost of $2,500, but additionally there was freight charge of $100 on each pair. Sold 60 pairs of shoes to Big Buy Company at a price of $3,600 each. A physical stock count on that date revealed that there were 42 pairs of the "Aerosoles" brand in the warehouse. Purchased 75 pairs of shoes at a total cost of $213,750. 5 pairs of the shoes purchased on December 4 were returned to the supplier as they were of the wrong description. Sold 70 pairs to Regal Ltd. at a unit selling price of $4,400. All purchases were on account and received on the dates stated and Classique Designs uses the FIFO method to account for inventory. Required: i) Prepare a perpetual inventory record for Classique Designs, to determine the value of ending inventory at December 31, 2013, and the total amount to be assigned to cost of goods sold for the period.