Smith Company reported the following current-year purchases and sales for its only product. UNITS SOLD UNITS ACQUIRED AT COST 300 $20 $6,000 200 DATE Jan. 1 Jan. 10 Mar. 14 Mar. 15 Jul. 30 ACTIVITIES Beginning inventory Sales Purchases Sales Purchases 400 @ $22 $8,800 400 $24 200 @ 900 units $4,800 $19,600 600 units Smith used a perpetual inventory system. Required: (a) Using the above information, what is the Goods Available for Sales: In Units In Dollars (b) Using FIFO determine the cost assigned to ending inventory and cost of goods sold. Use format below or do calculation and enter totals. NOTE 1-Show your calculations. NOTE 2-You may use the back of the page as an alternative to the format below. (b) FIFO DATE Goods Purchased Cast of Goods Sold Inventory Balances Jan. 1 Jan. 10 Mar. 14 Mar. 15 Jul 30