Perpetual inventory using FIFO The following units of a particular item were available for sale during the calendar year Jan 1 Inventory 4,400 units at 122 Apr. 19 Sale 2.400 units June 30 Purchase 6,500 units at $28 Sept. 2 5,000 units Nov. 15 Purchase 600 units at $31 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 pen 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 site in the form llustrated 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 Unt Cost column and in the Inventory Unit Cost column. Round your answers for quantity values to the nearest whole number, for unit cost values to the nearest cent, and for total cost values to the nearest dollar Schedule of Cost af Goods Sold FIFO Method Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Open spreadsheet co 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 main the form ustrated in it. 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 Round your answers for quantity values to the nearest whole number for unit cost values to the nearest cent, and for total cost values to the nearest dollar Schedule of Cost of Goods Sold FIFO Method Purchases Cost of Goods Sold Inventory Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan. 1 Apr. 19 une 30 Sept. 2 Nov. 15 - Dec. 31 Balances