Not yet answered Marked out of 10.00 P Flag question A company made the following merchandise purchases and sales during the month of August: units @ units @ units @ 2-Aug 4-Aug 15-Aug 19-Aug 25-Aug 29-Aug purchased 500 purchased 350 sold 450 purchased 400 sold 500 purchased 250 $35 each $40 each $100 each $45 each $100 each $50 each units @ units @ units @ There was no beginning inventory. If the company uses the first-in, first-out (FIFO) method and the perpetual system, what would be the cost of the ending inventory and the total cost of goods sold? 1 A BI U - 1 5 E Inventory Balance Cost of Goods Sold Goods Purchased