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Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a perpetual inventory system. The following are the transactions for the month of July. Unit Unita Cost July 1 Beginning Inventory 2,000 $40 July 5 Sold 1,000 July 13 Purchased 6.000 44 July 17 Sold 3,000 July 25 Purchased 8,000 50 July 27 Sold 5.000 Required: Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with (@FIFO and (b) LIFO. Complete this question by entering your answers in the tabs below. Required A Required B Calculate the cost of ending inventory and cost of goods sold assuming a perpetual Inventory system is used in combination with FIFO. FIEO (Perpetuan Cost per Units Total Unit Beginning Inventory Purchases Complete this question by entering your answers in the tabs below. Required a Required B Calculate the cost of ending inventory and cost of goods sold assuming a perpetual kventory system is used in combination with LIFO. LIFO (Perpetual) Units Cost per Unit Total Beginning Inventory Purchases July 13 July 25 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Units from July 25 Purchase Total Cost of Goods Sold Ending Inventory