TB Problem Qu. 6-197 (Algo) Perpetual: FIFO A company's inventory records show the following data for the month of April. Units Sold at Retail Date April 1 April 5 April 9 April 14 Activities Beginning inventory Purchase Units Acquired at Cost 470 units @ $18 = $8,460 410 units @ $20 = $8,200 Sale Purchase 370 units @ $22 = $8,140 360 units @ $25 = $9,000 620 units @ $55 320 units @ $55 April 20 April 30 Sale Purchase If the company uses the first-in, first-out (FIFO) method and the perpetual inventory system, what would be the cost of the ending inventory? April 1 April 5 Date Total April 5 April 9 Total April 9 April 14 Total April 14 April 20 Total April 20 April 30 Total April 30 Goods purchased Cost of Goods Sold Number Number of Cost per of units Cost per Cost of Goods units unit sold unit Sold Inventory Balance Number of units Cost per unit Inventory Balance