merchandise for December for one of the items the company sells: (10 marks) Activity Beginning inventory Purchase 1, Dec. 4 Sale 1, Dec.8 Sale 2, Dec. 10 Purchase 2, Dec. 17 Sale 3, Dec. 20 ABC Appliance Shop Inc. uses a perpetual inventory system. All purchases and sales were for 1. ABC Appliance Shop Inc. has the following data for inventory, purchases, and sales of Purchase Price (per unit)Sale Price (per unit) Units 68 58 35 12 18 28 $85.00 93.00 S120.00 $140.00 98.00 S150.00 cash Required a. Compute cost of goods sold and the cost of ending inventory using the FIFO method Cost of goods sold Cost of Ending Inventory