Required information Balance Sheet Inventory............... $135 Knowledge Check 01 Assume that we use a perpetual inventory system and that five identical units are purchased at the following dates and costs: forlis April 10 luril 15 lucht 20 310 312 $14 $17 One unit is sold on April 25. The company uses the first in, first-out (FIFO) Inventory costing method. Identity the cost of the ending inventory on the balance sheet Cost of the ending inventory