Learning Case #7 Chapter 7 tc The following transactions happened for a retailer in January # of Units nl Date 300 Cost per Unit S7 S8 Transaction Beginning Inventory Purchase Sale Purchase Sale 1/8 1/12 1/29 1/30 450 350 750 550 59 ang How een ue Required Calculate cost of goods sold and ending inventory for the following cost flow assumptions (perpetual inventory system): 1. LIFO: 2. FIFO; 3. Average Cost. urple Prey 110