Teal Mountain Supplies Company sells many different widgets and uses a perpetual inventory system. During August 2024, the company had beginning imventory, purchases, and sales for widget X as follows: Prepare a schedule to determine the cost of goods sold and ending inventory using the FIFO cost formula for the month ended Aunuat 31,2024. Ivanhoe Wig Shoppe carries a number of wigs that are made specifically for people who require them while undergoing medical treatment. They use a perpetual inventory system and the FIFO cost formula for valuing inventory. The following information is available regarding the irventory on hand at year end, December 31