Pacific Company starts the year with a beginning inventory of 4,800 units at $6 per unit. The company purchases 6,800 units at $5 each in February and 3,800 units at S7 each in March. Pacific sells 1,850 units during this quarter. Pacific has a perpetual inventory system and uses the FIFO inventory costing method. What is the cost of goods sold for the quarter? Multiple Choice $12,950 $9,250 $12,025 $11,100 Sweetwater Co. updates its inventory perpetually. The company reported a beginning inventory of $3,000 During the year, the company recorded inventory purchases of $9,000 and cost of goods sold of $10,000. What was the amount of its ending inventory? Multiple Choice $5,400 $5,000 $2,000 $5,200 If inventory is updated perpetually, which of the equations is correct? Multiple Choice Ending inventoryBeginning inventory + Purchases- Cost of goods sold Ending inventory Beginning inventory + Purchases + Cost of goods sold Cost of goods sold Beginning inventory Purchases Ending inventory Cost of goods soldBeginning inventory+Purchases+ Ending inventory