first-in, first-out (FIFO). Number of unils Unit cost Sales Beginning inventory 800 550 purchased 600 52 Sold 400 980 Sold 350 Ending inventory 650 Use this chart FIFO (perpetual) Inventory Cost of Goods Purchased Cost of Goods Sold Cost of Inventery Remaining Numbe rof Units Unit Cost Total Cost Numbe r of Units Unit Cost Total Cost Numbe r of Units Unit Cost Total Cost Beginns ng Purchas c. Sale Sale Total Purchase: Total COGS