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Evel These are the inventory transactions for QHY Inc. for the month of July QHY Inc. uses the perpetual method of accounting for inventory. Date Units SUs Total Cost 6/30 2016 Beginning Balance of Inventory 12 3,000 36,000 7/4/2016 Purchase 3 2,700 13,500 7/9 2016 Purchase 4 2.800 11,200 7/12/2016 Sale 10 5.000 727/2016 Purchase 7 2.600 18,200 729/2016 Sale 5 5,500 An inventory comt at the end of the period reveals that there are 13 mits remaining What is the Cost of Goods Available for Sale in Dollars for the Month of July? Round to the nearest dollar and don't use decimals. What is the cost of Goods Available for Sale in Units for the Month of July? Don't use decimals as the units are in whole numbers only The following situations ask you to calculate COGS using first tifo and then Average-Cost both in the perpetual method. The website intependengedheter but both use the above inventory schedule. Situation 1: I QHY Inc uses the LIFO cost flow assumplien what is the COGS for the July 12th Sale? NOTE ONLY THE JULY 1241 SALE Round to the nearest dollar and don't use decimals Situation 2. If I instead QHY Inc uses the average-Cost cost flow assumption what is the COGS sold to be recognized for the two July sales. Nole Round all average cost calculations to the nearest dollar. COGS for the July 12th Sale Round to the nearest dollar and don't use decimals COGS for the July 29th Sale Round to the nearest dollar and don't use decimals