Required $1$

Determine the costs assigned to ending inventory and to cost of goods sold using FIFO.

$\backslash$table$[[$Perpetual FIFO:$],[$Date$,$Goods Purchased,Cost of Goods Sold,Inventory Balance$],[$# of units,$\backslash$table$[[$Cost per$],[$unit$]],$# of units sold,$\backslash$table$[[$Cost per$],[$unit$]],$Cost of Goods Sold,# of units,$\backslash$table$[[$Cost per$],[$unit$]],\backslash$table$[[$Inventory$],[$Balance$]]],[$January $1,,,,,,,255,$at$,\backslash$table$[[5,12\mathrm{.}20]],=,$$ $3,111\mathrm{.}00$