O MERCHANDISING AND INVENTORY ===1 Use of perpetual inventory system for merchandise inventory... Anderson Company had the following information for the year ending December 31: Units Unit Cost Beginning inventory 210 $33 Purchase: April 6 460 43 Sale: May 4 500 Purchase: July 19 220 44 Sale: September 9 260 Purchase: October 10 180 45 Anderson uses the perpetual inventory system and the FIFO method. Required: Using FIFO (a) Compute the cost of ending inventory.. (b) Compute the cost of goods sold for the year. Explanation Check