Your answer is partially correct. Try again First Choice Company uses the FIFO cost formula in a perpetual inventory system. Fill in the missing amounts in the following perpetual inventory record: (Round answers to 2 decimal places, e.g. 52.75.) Purchases Cost Of Goods Sold Inventory Balance Date Units Cost Total Units Cost Total Units Cost Total June 1 Beginning Inventory 200 $25.00 $5,000.00 200 $25.00 $5,000.00 7400 $22.00 $8,800.00 200 25.00 5000.00 400 22.00 8800.00 13800.00 18 200 25.00 5000.00 400 22.00 8800.00 150 22.00 3300.00 350 8300.00 26 350 $20.00 $7,000.00 400 22.00 8800.00 350 20.00 7000.00 15800.00