Perpetual oyuntory Using IFO The following units of a particular item were available for sale during the calendar year Jan. 1 Inventory 3,900 units at $39 ADE 19 Sale 2,300 units June 30 Purchase 4.700 units at $45 Sept. 2 Sale 4,800 units Nov. 15 Purchase 1,900 units at $48 The firm maintales 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 unts are in Inventory at two or more different costs, enter the units with the LOWER unit cost first in the Inventory Unit Cost colum. Schedule of cost of Goods Solid LIFO Method Purchases Cost of Goods Sold Inventory Date Quantity unit cost Total coll Quantity Unit Cost Total Con Quantity Unit Cost Total Cont Jan. 1 Apr 19 une 20 septia Now Dec Balances