The beginning inventory, purchases, and sales for Harrington Equipment Company for the month of August are shown. Beginning Inventory and Purchases Sales Date Units Aug. 1 (BI) 100 Cost/Unit $8.00 Units #TT: 150 250 Aug. 15 300 Aug. 31 8.10 8.30 8.50 650 BI: Beginning Inventory Required: Calculate the total amount to be assigned to cost of goods sold for August and the ending inventory on August 31, under each of the following methods. In your calculations round the average unit cost to two decimal places and answers to the nearest dollar. 1. Perpetual LIFO inventory method 2. Perpetual moving-average inventory method Cost of Goods Sold Inventory on Hand $