Perpetual inventory using LIFO The following units of a particular item were available for sale during the calendar year: 3,900 units at Jan. 1 Inventory $39 Aar. 19 Sale 2,300 units 4.900 units at June 30 Purchase $45 Sept. 2 Sale 5,500 units 1,600 units at $46 Nov. 15 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. x Open spreadsheet The fimm maintains a perpetual inventory system. Determine the cast of goods sold for each sale and the inventary balance after each sale, assuming the last-in, first-aut method. Present the data in the form illustrated in Exhibit 4. Under LIFO, units are in inventary at two or more different costs, enter the units with the LOWER unit cost first 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 LIFO 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 IN IN IN IN June 30 Sept. 2 C Nav. 15 11 Dec 31 Balances