First HW BUSN212 - Homework 1 Spped Word Cycles se shith perfomance morpses and miston race On of Sated Word's Most popular model is the Kazommo 900 Dirt Bike. During the current year. Speed world cycles purchase of these bikes at the following costs a. Cost of goods sold and ending Inventory Unit Cost Purchase the 1.Jul 22- 54950 S5.000 $5,100 Total Cost 59,900 $15,000 S15,300 $40,200 On July 28 Speed World Cycles sold four Kazomma 900 dirt bikes to the Wins Wilson Racing The remair ng four bikes remained in the inventory at Sep 30 the end of company's fiscal year Assume tha Speed world uses perpetual inventory system. Instruction Compute the cost of goods sold relating to the sale on July 28 and the ending inventory of Karomiso 900 dirt bikes at September 30, using the following cast assumtions, L. Averatosi 2. FIFO 3. LIFO Show the number of unit costs of cach layer comprising the cost of goods sold and the endingwintory