Required information In October, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could manage a single product line, Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventory using a perpetual inventory system. On December 31, NGS purchased 20 units at a total cost of $5.70 per unit. Nicole purchased 50 more units at $7.70 in February. In March, Nicole purchased 20 units at $9.70 per unit. In May, 70 units were purchased at $9.50 per unit. In June, NGS sold 70 units at a selling price of $11.70 per unit and 60 units at $11.30 per unit. 2. Compute the Cost of Goods Available for Sale, Cost of Goods Sold, and Cost of Ending Inventory using the first-in, first-out (FIFO) method. (Round "Cost per Unit" to 2 decimal places.) FIFO (Perpetual) Units Cost per Unit Total $ Beginning Inventory Purchases February March May Net Purchases 0 0 Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from February Purchase Units from March Purchase Units from May Purchase Total Cost of Goods Sold 0 0 Ending Inventory