Perpetual Inventory ng LIFO The following units of a particular item were able for alt during the candy Jan 1 Invertory 4.000 units at 540 Apr 19 Sale 2.500 units June 30 Purchase 4.500 units 544 Sept. 2 Sale 5.000 units Nov. 15 Purchase 2,000 units at 46 The firm maintains a perpetual inventory system. Determine the cost of goods sold for each and the inventory Balance rachel suming method the date Exhibit 4. Under UFO, if units are in inventory at two or more different costs, enter the units with the LOWER con first in the rearylin Cost Schedule of Cast of Goods sold LIFO Method Purchases Cost of Goods Sold IHVERY Quantity Date Unit Cost Quantity Un Cul Total Cost Unit Cost Total Cost Total Quantity Jan. 1 Apr. 19 June 30 Sept. 2 Nov. 15 Dec 31 Balance