prepare the following chart foe delta companys december transaction delta uses perpetual inventory system and the fifo cost flow asssumption. sales boxes, if applicable to the transaction, must be bu units, units sales price and total sales price. purchases and cost of good sold, if applicable to the transaction must be by units, unit cost, and total cost. the inventory balance must be updated after each transaction and must be shown by units, and unit cost and total cost.

December 1st beginning inventory 275 units @ $10 each = $2,750

December 12th purchase 130 units @ $9 each = $1,170

December 18th purchase 255 units @ $11 each = $2,805

December 20th sale 400 units @ 20 each = $8,000

December 31st, physical count 240 units