Perpetual Inventory Using LITO The following units of a particular item were available for sale during the calendar year Jan. 1 Inventory 3,900 units at $40 Ane 10 Sale 2.400 units June 30 Purchase 4,500 units at $43 Sept. 2 Sale 5,100 units Nov. 15 Purchase 1,800 units at 547 The firm maintains perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sale, souming the last firstout method. Present the da units in Inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory unit cost column 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 June 30 - Sept. 2 Nov. 15 Dec al Balances