Exercise 7. (Previous year exams) The company "X" uses the perpetual inventory system for its raw material. The stock card shows the following information: Concepts Units / Date Beginning inventory Purchase 1/12 GIB_Statement_chap3_mate... Pgina 9 de 13 M. Used 9/12 Purchase 17/12 M. Used 26 /12 360 IN U.C. T.A. 240 80 19,200 OUT STOCK Units U.C. T.A. Units U.C. .. 450 210 31,500 150 90 60 9.000 Assuming that the company uses LIFO, answer the following questions (showing the mathematical operation used): 1.- Complete the stock card, find the unknowns dates 2.- If the company, at the 2nd purchase pay 480for insurance in transit, Calculate the new cost of purchase per unit. Page 9/13 4 AN e3