Gibco Inc uses a perpetual inventory system and had the following activity for a single inventory item: Units 510 01-Janinventory Unit Cost 100.00 275 Purchases 05-Jan 10-Jan 15-Jan 20-Jan 175 110,00 114.00 116.00 118.00 100 125 Sales 12-Jan 18-Jan 22.Jan $25 405 200 135.00 140.00 142.00 Required: Assume Gibeo Inc. uses the perpetual FIFO inventory system, calculate the cost of goods sold ending Inventory value and gross profile for January (round unit cost to two digits) YOU MUST ATTACH YOUR WORK FOR THIS QUESTION IN QUESTION 3 OR YOU WILL NOT RECEIVE MARKS (THIS CAN BE A PHOTO, PDF, WORD OR EXCEL) COGS $121,060 Ending Inventory 55.490 Gross Profit $33.915 Number of Units Unit Purchase Price Sale Price January 1, 2008 45 $8 January 25 150 59 March 6 65 $10 Sale #1 120 516 August 50 $12 Sale 2 130 $17 Using MOVING AVERAGE, calculate the cost of goods sold and gross profit for Gibco Company for 2006. YOU MUST ATTACH YOUR WORK FOR THIS QUESTION IN QUESTION 3 OR YOU WILL NOT RECEIVE MARKS (THIS CAN BE A PHOTO PDF WORD OR EXCEL) COGS 51.710 Gross Profit Choose