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PROBLEM 2. (14 POINTS) A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. Determine the cost assigned to ending inventory and cost of goods sold using FIFO SHOW YOUR WORK. YOU WILL LOSE POINTS IF YOU DO NOT SHOW EACH STEP. Units Acquired at Cost Units Sold at Retail 150 units @ $16.00 200 units@$17.00 60 units@ $18.00 DateActivities April 1Beginning Inventory 175 units (@ $15.00 urchase 160 units@ $30.00 50 units@ $30.00 50 units @ $32.00 ales 10 Purchase 25Purchase 28Sales