In October, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could manage a single product line, Nicole agreed. Nicole's Getaway Spa $($NGS$)$ would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventiory using a perpetual inventory system.

On December $31$ of last year, NGS had $20$ units at a total cost of $$5\mathrm{.}50$ per unit. Nicole purchased $40$ more units at $$7\mathrm{.}50$ in February. In March, Nicole purchased $20$ units at $$9\mathrm{.}50$ per unit. In May, $50$ units were purchased at $$9\mathrm{.}30$ per unit. In June, NGS sold $50$ units at a selling price of $$11\mathrm{.}50$ per unit and $60$ units at $$11\mathrm{.}30$ per unit.

$2.$ Compute the Cost of Goods Available for Sale, Cost of Goods Sold, and Cost of Ending Inventory using the first$-$in$,$ first$-$out $($FIFO$)$ method. $($Round "Cost per Unit" to $2$ decimal places.$)$

$\backslash$table$[[$FIFO $($Perpetual$),$Units,$\backslash$table$[[$Cost per$],[$Unit$]],$Total$],[$Beginning Inventory,,,$],[$Purchases$,,,],[$February$,,,],[$March$,,,],[$May$,,,],[$Net Purchases,,,$],[$Goods Available for Sale,,,$],[$Cost of Goods Sold,,,$],[$Units from Beginning Inventory,,,$],[$Units from February Purchase,,,$],[$Units from March Purchase,,,$],[$Units from May Purchase,,,$]]$

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