Question 2 The following inventory transactions took place for Oriole Ltd, for the year ended December 31, 2020: Date Event Jan 1 opening inventory Jan 5 sale Feb 15 purchase Mar 10 purchase May 20 sale Aug 22 purchase Sep 12 sale Nov 24 purchase Dec 5 sale dy Cost/ Selling Price $41.00 88.00 33.25 40.00 88.00 30.50 88.00 50.50 88.00 Quantity 23,500 5,400 31,600 8,700 39,600 15,400 20,100 9,400 17,600 Calculate the ending inventory balance for Oriole Ltd., assuming the company uses a perpetual inventory system and the first-in, first-out cost formula. Also calculate the per-unit cost of the last item sold. (Round costs to 2 decimal places, e.g. 52.75 and ending inventory to o decimal places, e.g. 5,276.) Ending inventory Unit cost of the last item sold