If it uses a perpetual Inventory system. The following are the transactions for the month of July Units Unit Cost 3,100 $51 July 1 July 5 July 13 July 17 July 25 July 27 Beginning Inventory Sold Purchased Sold Purchased Sold 55 1,550 7100 4,100 9,100 6,100 61 Calculate the cost of ending Inventory and cost of goods sold assuming a perpetual Inventory system is used in combination with (a) FIFO and (b) LIFO. (a) FIFO FIFO (Perpetual) Units Cost per Total Unit Beginning Inventory Purchases $ 0 July 13 July 25 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Units from July 25 Purchase Total Cost of Goods Sold Ending Inventory 0 (b)LIFO LIFO (Perpetual) Units Cost per Unit Total 69 0 Beginning Inventory Purchases July 13 July 25 Total Purchases 0 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Units from July 25 Purchase Total Cost of Goods Sold 0 Ending Inventory