The Downtown Appliance Center, Inc. is a retailer of cor rchase, and products is the Auto-Ot Iron which had the following beginning invent sales history during the current year January 1 inventory..7 May 6 purchases November 10 purchases... $161 $364 $270 $795 $23 $26 14 July 14 sales.20 December 31 inventory The selling price of each Auto-Or Iron all Based on the information provided and assuming The Downtown Appliance Center, Ine, uses a perpetual inventory system and the last-in, first-out (LIFO) inventory method, determine cost of goods sold and ending inventory balance Based on the information provided and assuming The Downtown Appliance Center, Inc. uses a rpetual inventory system and the first-in, first-out (FIFO) inventory method, determine cost f goods sold and ending inventory balance