Search Rose.Net | Home FCCU My eBay Summary PayPal: Summary C O MERCHANDISING AND INVENTORY Use of perpetual inventory system for merchandise inventory... 7 Units Unit Cost Beginning inventory 280 $35 Purchase: April 6 420 37 Sale: May 4 450 Purchase: July 19 510 38 Sale: September 9 400 Purchase: October 10 140 42 Clark uses the perpetual inventory system and the FIFO method. Required: Using FIFO (a) Compute the cost of ending inventory. (b) Compute the cost of goods sold for the year. Explanation Check SAMSUNG D