Perpetual Invento end the information relates to tual Inventory Costing Methods - FIFO, LIFO Matisse Co sells hula hoops the company purchases from their supplier, the Goop Co. At year 4. the Matisse Co sold a total of 1,200 hula hoops at a selling price of $10 per unit. The following mation relates to inventory for the current year: 100 units @ $2.00 per unit 300 units @ $2.20 per unit 200 unit @ $10 per unit 500 units @ $3.00 per unit 500 units @ $4.00 per unit 1000 units @$10 per unit Compute the COGS and Ending Inventory for FIFO, LIFO and Weighted Average using the Perpetual Method of Accounting for Inventory Beginning Inventory Purchase 1: Sale 1 Purchase 2: Purchase 3: Sale 2: FIFO perpetual Beg Inventory Purchases 1 GAFS - COGS Ending Inventory LIFO perpetual Beg. Inventory Purchase 1 Good available for sale -COGS (Sale 1) Good Available for sale Purchase 2 Purchase 3 Good available for sale -COGS (Sale 2) Good Available for sale Average Cost Beg. Inventory Purchase 1 Good available for sale -COGS (Sale 1) Good Available for sale Purchase 2 Purchase 3 Good available for sale -COGS (Sale 2) Good Available for sale