QUESTION 4 Acompany just starting business had the following transactions in February Purchase February 1 450 units @ 9.50 Sale February 5 300 units @ 1500 Purchase February 10 400 units @ 9.60 Purchase February 15 600 units 9.70 Sale February 25 950 units 15.00 Purchase February 28 250 units 9.90 $4 275 S4 500 $3,840 $5,820 $14,250 $2,475 no discounts were given A physical count of merchandise inventory on February 28 reveals that there are 450 units on hand Assume that no returns occurred during the month and Using the perpetual inventory method calculate COGS and Ending Inventory for FIFO Ending Inventory value of $4,380 and a Cost of Goods Sold Value of $12,030 Ending Inventory value of $4,415 and a cost of Goods Sold Value of 511,995 Ending Inventory value of 54.275 and a cost of Goods Sold Value of $12,135 Ending Inventory value of 54 415 and a cost of Goods Sold Value of $16,410