Itranscript Required information Skip to question 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 inventory using a perpetual inventory system. On December 31 of last year, NGS had 10 units at a total cost of $6.50 per unit. Nicole purchased 30 more units at $8.10 in February. In March, Nicole purchased 20 units at $10.10 per unit. In May, 60 units were purchased at $9.90 per unit. In June, NGS sold 60 units at a selling price of $12.10 per unit and 40 units at $10.10 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.) FIFO (Perpetual) Beginning Inventory Purchases February March May Net Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units Cost per Unit Total $ 0 < Prev 13 14 15 of 15 Next >