sociology eBook Show Me How Office 365 Perpetual inventory using FIFO The following units of a particular item were available for sale during the calendar year: 4,300 units at $38 Jan. 1 Apr. 19 Inventory Sale 2,000 units June 30 Sept. 2 Purchase 5,000 units at $44 Sale 6,800 units 2,300 units at $46 H Nov. 15 Purchase This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input you answers in the question below. < X Open spreadsheet The firm maintains a perpetual inventory system. Determine the cost of goods sold for each sale and the inventory balance after each sa