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Taken from a company's records is the following: (Click the icon to view the information.) Complete the following assuming a perpetual inventory system: If the

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Taken from a company's records is the following: (Click the icon to view the information.) Complete the following assuming a perpetual inventory system: If the company uses the FIFO inventory costing method, the cost of ending invento If the company uses the LIFO inventory costing method, cost of goods sold for the year is $ Sales in Units Units Unit Cost $ 3.20 Total Cost $ 99,200 31,000 3.90 Transaction Beginning inventory 1/1 Purchases February 8 March 15 April 10 Subtotal Units Sold - April 22 at $8 May 9 42,000 95,000 61,000 4.80 163,800 456,000 298,900 4.90 229,000 $ 1,017,900 152,000 5.10 77,000 33,000 392,700 171,600 5.20 339,000 $ 1,582,200 June 19 Subtotal Units Sold - August 11 at $12 September 20 October 30 111,000 16,000 5.30 5.40 42,000 10,000 84,800 226,800 56,000 November 17 5.60 407,000 $ 1,949,800 Subtotal Units Sold - December 21 at $16 Total available for sale 27,000 407,000 (290,000) Total units sold 117,000 Ending inventory

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