using perpetual

Task 2: Fatima's Greeting Cards carries a brand of card that has proven to be very popular. Fatima uses perpetual inventory system. All purchases and sales are made on account. The following are the purchases and sales for this product for the month of October. Given the following information: First In First Out Purchases Units Cost 3 $5 Sales Units Price Date Purchases Sales Ending Balance 1 $8 Date Beginning Inventory Oct. 2 Oct. 9 Oct. 12 Oct. 25 Oct. 30 8 $6 5 4 $8 $9 5 $7 a. Calculate the cost of goods sold and ending inventory using the FIFO method of inventory valuation b. Calculate the cost of goods sold and ending inventory using the LIFO method of inventory valuation Cost Of Goods Sold Ending Inventory Last In First Out Date Purchases Sales Ending Balance Cost Of Goods Sold Ending Inventory Task 2: Fatima's Greeting Cards carries a brand of card that has proven to be very popular. Fatima uses a perpetual inventory system. All purchases and sales are made on account. The following are the purchases and sales for this product for the month of October. Given the following information