Perpetual inventory using FIFO The following units of a particular item were avallable for sale during the calendar year: 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. This information has beon collected in the Microsoft Excel Online fle. Opten the spreadsheet, perform the required analysis, and input vour answers in the question below. Open spreadsheet. The firm muintains a perpetual inventory syutem, Determine the cost of goods sold for each sale and the inventory balance after each sale, assuming the first-in, firtt-out mechod. Present the data in the form Hustrated in Exhibit 3. Under Fro, if units are in imventory at two different costs, enter the units with the LowER unit cost first in the cont of Coods Sold Unic Cost column and in the Inventory Unit Cost column