Pina Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations:

Date			Explanation		Units		Unit Cost		Total Cost		Balance in Units
Aug.	2		Purchases		243		$69		$16,767		243
	3		Purchases		485		96		46,560		728
	10		Sales		(323	)					405
	15		Purchases		935		120		112,200		1,340
	25		Sales		(334	)					1,006

Calculate the cost of goods sold and ending inventory using the FIFO cost method.

Pina Limited uses a perpetual inventory system. The inventory records show the following data for its first month of operations Date Explanation Units Unit CostTotal Cost Balance in Units 243 728 405 1,340 1,006 Aug. 2 Purchases 243 485 (323) 935 (334) $69$16,767 46,560 3 Purchases 10 Sales 15 Purchases 25 Sale:s 96 120112,200 Your answer is incorrect. Try again. Calculate the cost of goods sold and ending inventory using the FIFO cost methoo Cost of goods sold 64844 Ending inventory 110682