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Check my work 6 Mojo me the number of units purchased and sold throughout each accounting period but applies to inventory costing method at the time of each sale, as if it uses a perpetua inventory system. Assume its accounting records provided the following Information at the end of the accounting period, January 31. The twentory's selling price is $ perut Unit Transaction CON Units Total Cost Inventory, January 1 4.50 300 11.350 Sale, January 10 (2501 Purchase, January 12 375 1.875 Sat, January 17 1200) Purchase, January 26 5.00 tas 630 Required: 1. Calculate the cost of goods sold and ending inventory for Mojo Industries assuming applies the UFO cost method perpetually at the time of each sale 2. Does the use of a perpetuo inventory system result in a higher or lower cout of goods sold than the periodic wventory system when costs are ringe Helen Complete this question by entering your answers in the tabs below. Recured Required 2 Calculate the cost of goods sold and ending inventory for Mojo Industries assuming taoples the cost method perpetually at the time of each sale. Ending Invey Co of Good Sold 6 2.9 points Mojo Industries tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the time of each sale, as if it uses a perpetual inventory system. Assume its accounting records provided the following information at the end of the accounting period, January 31. The inventory's selling price is $11 per unit Unit Transactions Cost Units Total Cost Inventory, January 1 $ 4.50 300 $ 1,350 Sale, January 10 (258) Purchase, January 12 5.00 375 1,875 Sale, January 17 (200) Purchase, January 26 6.00 105 638 Required: 1. Calculate the cost of goods sold and ending inventory for Mojo Industries assuming it applies the LIFO cost method perpetually at the time of each sale. 2. Does the use of a perpetual inventory system result in a higher or lower cost of goods sold than the periodic inventory system when costs are rising? eBook Print References Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the cost of goods sold and ending Inventory for Mojo Industries assuming it applies the LIFO cost method perpetually at the time of each sale. Ending Inventory Cost of Goods Sold Required 2 >