Spider Incorporated provided the following information regarding its inventory for the current year. (Click the icon to view the inventory information.) Determine Spider's ending inventory and cost of goods sold under the LIFO perpetual basis. Begin by preparing Spider's perpetual inventory record under the last-in, first-out (LIFO) method for the year. LIFO: Transaction Units Purchased Cost Unit Total Units Cost of Goods Sold Cost of Cost Sold Per Unit Goods Sold Inventory Balance Beginning inventory 1/1 Purchase - March 30 Purchase - July 15 Sale - September 1 Data table Transaction Units Sales in Units Unit Cost Total Cost Beginning inventory 1/1 3,500 $50 $175,000 Purchases March 30 5,000 65 325,000 July 15 1,000 72 72,000 September 1 6,100 $572,000 Total available for sale 9,500 Units sold September 1 (6,100) 3,400 Ending inventory Print Done