Perpetual inventory using FIFO The following units of a particular item were available for sale during the calendar year Jan. 1 Inventory 4,100 units at 341 Apr. 19 Sale 2,700 units June 30 Purchase 5,000 units at $43) Sept. 2 Sale 5,600 units Nov. 15 2,100 units at $44 Purchase This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below, Open spreadsheet The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the first-in, first-out method. Present the data in the form illustrated in Exhibit 3. Under FIFO, if units are in inventory at two different costs, enter the units with the LOWER unit cost first in the Cost of Goods Sold Unit Cost column and in the Inventory Unit Cost column Schedule of Cost of Goods Sold FIFO Method Purchases Date Quantity Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Quantity Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Inventory Inventory Quantity Unit Cost Total Cost Jan. 1 Apr. 19 June 30 Sept. 2 Nov. 15 Dec. 31 Balances 43 10 00 101 000 0000 eBook Show Me How Office 365 Perpetual inventory using LIFO The following units of a particular item were available for sale during the calendar year: 3,500 units at $39 Jan. 1 Apr. 19 Inventory Sale 2,800 units June 30 Purchase 4,100 units at $42 Sept. 2 Nov. 15 Sale Purchase 4,300 units 2,400 units at $45 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the question below. X Open spreadsheet The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the last-in, first-out method. Pre data in the form illustrated in Exhibit 4. Under LIFO, if units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost com Schedule of Cost of Goods Sold LIFO Method Date Purchases Quantity Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Quantity Cost of Goods Sold Unit Cost Cost of Goods Sold Total Cost Inventory Quantity Inventory Inventory Unit Cost Total Cost Jan 1 Apr. 19 June 30, Sept. 2 Nov. 15 Dec. 31 Balances 33 00 100 00 100 10 100 Show Me How Office 365 Periodic inventory by three methods The units of an item available for sale during the year were as follows: Jan. 1 Inventory 2,600 units at $7 Feb. 17 Purchase 3,200 units at $9 Jul. 21 Purchase 2,500 units at $11 Nov. 23 Purchase 1,700 units at $13 There are 1,900 units of the item in the physical inventory at December 31. The periodic inventory system is used. This information has been collected in the Microsoft Excel Online filem the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine the inventory cost by the first in, first-out method. b. Determine the inventory cost by the last-in, first-out method. c. Determine the inventory cost by the weighted average cost method. Round your answer to the nearest dollar