Required: Assume ABC company uses a perpetual system. Compute the ending inventory and cost of good sold for the year of 2001 using (1) FIFO, (2) weighted average, and (3) LIFO inventory methods. Show your computations. A. Inventory Accounting - Perpetual System ABC Company is a retailer of special gadgets. During 2001, it made the following purchases and sales: Date Transaction Units Unit Cost Total 1/1/2001 Beginning inventory 100 units @ $30 $3,000 2/1/2001 Purchases 120 units @ $40 4,800 3/1/2001 Sales 150 units @ $52 4/1/2001 Purchases 140 units @ $41 5,740 8/1/2001 Purchases 130 units @ $44 5,720 9/1/2001 Sales 200 units @ $52 10/1/2001 11/1/2001 Purchases Sales 110 units @ $45 4,950 140 units @ $52 ABC Company sold 490 units in year 2001 at $52 each. On December 31, a physical inventory count was conducted, and 110 units were on hand as ending inventory.