Date Jan. 21 24 1. lnteroeean Shipping uses the perpetual inventory system. The following transactions tool: plaoe during January 2021. Date Units Jan. 1 Opening Inventory 100 3\" Purchase #1 1 El 9 Sale #1 so 21 Purchase #2 2t] 24 Sale #2 40 Unit Cost $1 $3 Required: Using the table below, calculate cost of goods sold for the January 9 and 24 sales, and ending inventory using the FIFO inventory costing method. Purchases Cost of Goods Sold Unit Total Unit Total Units Cost Cost Units Cost Cost Opening Inventory Purchase #1 Sale #1 Purchase #2 Sale #2 Inventory on Hand {Balance} Unit Total Units Cost Cost 10d '3". $1 = $112M]