word oves correct or incorrect or the work you have completed Aircard Corporation tracks the number of units purchased and sold throughout each accounting period but applies its inventory costing method at the end of each period as if it uses a perpetual inventory system. The following are the transactions for the month of July 11.11 points Units Unit Cost $47 July 1 Inventory Beginning July 5 July 13 July 17 July 25 July 27 Sold Purchased Sold Purchased Sold 2,700 1,350 6,700 3,700 8,700 5,700 Calculate the cost of ending inventory and cost of goods sold assuming a perpetual inventory system is used in combination with (a) FIFO and (b) LIFO. (a) FIFO Answer is not complete. LIFO (Perpetual) 11.11 points Units Cost per Unit Total 2,700 47.00 126,900 6,700 8,700 $ 51.00 57.00 837,600 964,500 Beginning Inventory Purchases July 13 July 25 Total Purchases Goods Available for Sale Cost of Goods Sold Units from Beginning Inventory Units from July 13 Purchase Units from July 25 Purchase Total Cost of Goods Sold Ending Inventory 2,700 6,700 47.00 $ 51.00 $ 57.00 468,600 364,050