III. Cost of Goods Sold & Inventory (LLH 7) Cost of Goods Sold FIFO LIFO Hodor Company is a wholesale distributor of doors. He replenishes his supply of doors on the 15th of each month and has sales only on the last day of cach month. The following information is available for 2019: Periodic Perpetual 2 pts 2 pts 3 pts 3 pts Beginning Inventory Purchase, Jan. 15 Purchase, Feb. 15 Purchase, Mar. 15 Purchase, April 15 Purchase, May 15 Purchase, June 15 Purchase, July 15 Purchase, Aug. 15 Purchase, Sept. 15 Purchase, Oct. 15 Purchase, Nov. 15 Purchasc, Dec. 15 Sale, Jan. 31 Sale, Feb. 28 Sale, Mar. 31 Sale, April 30 Sale, May 31 Sale, June 30 Sale, July 31 Sale, Aug. 31 Sale, Sept. 30 Sale, Oct. 31 Sale, Nov. 30 Sale, Dec. 31 Units Unit Cost 50,000 $ 20.00 20,000 $ 22.00 25,000 $ 24.00 30,000 $ 26.00 30,000 $ 28.00 40,000 $ 30.00 40,000 $ 32.00 50,000 $ 34.00 50,000 $ 36.00 40,000 $ 38.00 20,000 $ 40.00 20,000 $ 42.00 20,000 S 44.00 20,000 30,000 30,000 40,000 35,000 40,000 40.000 50,000 60,000 20,000 10,000 10,000 Required: Determine Cost of Goods sold for 2019 using the periodic and perpetual method for (a) FIFO and (b) LIFO