Perpetual inventory using LIFO The following units of a particular item were available for sale during the calendar year Jan 1 Inventory 4,200 units at $40 Apr. 19 Sale 2,600 units June 30 Sept. 2 Purchase 4,700 units at $43 Sale 4,800 units Nov. 15 Purchase 2,200 units at $48 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. Present the data in the form i 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 column. LIFO Method Date Purchases Quantity Purchases Unit Cost Purchases Total Cost Cost of Goods Sold Cost of Goods Sold Unit Cost Quantity Cost of Goods Sold Inventory Total Cost Quantity Inventory Unit Cost Inventory Total Cost Jan. 1 4,200 s 40 Apr 19 June 30 2,600 40 40 4,700 43 202,100 40 June 30 Sept. 2 Sept. 2 4,700 43 202,100 40 Nov 15 2,200 105,600 Nov. 15 Dec. 31 Balances [000 43 1,000 43 2,300 48 105,600 Che Mys