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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

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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 10 units at a total cost of $6.70 per unit. Nicole purchased 30 more units at $8.30 in February. In March, Nicole purchased 20 units at $10.30 per unit in May, 50 units were purchased at $10.10 per unit. In June, NGS sold 50 units at a selling price of $12.30 per unit and 40 units at $10.30 per unit - 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.)

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