D 1 6 Marks 2. Solway Meat Products use perpetual inventory system. The inventory records show the following data for its first month of operations: M 100 Date Explanat Ent len tinitost Balance in Dollars Balance in Unita 5 Nov. 4 h 100 360 36.000 6 13 Pin 8 aya 7 550 16 sis B ro 60 110 300 20 5 29 20 10 500 11 Calculate the cost of goods sold and ending inventory using FIFO: 12 12 Purchases COGS 14 Units s/Unit Total Units s/unit Total 15 16 0$ S 0 $ $ 17 18 05 S 19 OS 20 21 OS 05 22 09 $ 0$ Inventory S/Unit Units Total 0 $ 5 05 OS s 0$ 0$ 5 8 05 0$ G 03 05 5 9 05 0 $ 5 0 0$ 015 TOTALS Goods Available for Sale Coat of Goods Sold 3 Inventory