or izle, canl Tr... CCTCCUJI CUCIVE / ct January Ju January 7 LACICICES (IVCI Battery Limited uses a perpetual inventory system. The inventory records following data for its first month of operations: Date Explanation Units Unit Cost Total Cost Balance units Aug. 2 Purchase 250 $7 $ 1,750 250 3 Purchase 400 E 2.800 650 10 Sale (300) 350 15 Purchase 325 8 2,000 675 20 Purchase return (60) 825 25 Sale (325) 300 Calculate the cost of goods sold and ending inventory using the FIFO and average cost formula. For average, use unrounded numbers in your calcula but round to the nearest cent for presentation purposes in your answer. (a) FIFO cost formula Aug. 2 Cost of good sold for this transaction = Total inventory balance = Aug. 3 C Cost of good sold for