St- O MERCHANDISING AND EVENTORY Use of perpetual inventory system for merchandise inventory Units Cost Beginning inventory Purchase. April Sale May 4 Purchase July 19 380 September 9 330 260 Purchase October 10 Stewart 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 Type here to search acer