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Perpetual Inventory using LIFO The following units of particular item were available for sale during the calendar year Jan. 1 Inventory 4,400 units at 122 Apr. 19 Sale 2.600 units he 30 Purchase 5,500 units at 27 Sept. 2 Sale 4,500 Nov 15 Purchase 1,100 units at 130 The information has been colected the Microsoft Excel Online Te. Open the perform the required and unout you were the question Open spreadsheet The firm maintain perpetual inventory system. Determine the cost of goods sold for each salt and the inventory balance after each sale, assuming the stin, first-out method. Present the data in the form Hlustrated in 4. Under UFO, units are in inventory at two or more different costs, enter the units with the LOWER unit cost first in the inventory Unit Cost column Round your answers for quality as to the nearest whole number for unit cost value to the nearest cent and for total cost value to the nearest dollar Purchases Schedule of Cost of Goods Sold LIFO Method Cost of Goods Sold Quantity Unit Cost Date Inventory Unit Cost Quantity Unit Cost Total Cost Total Coxt Quantity Total Cost Jan. 1 Apr 19 June 30 (Sept 2 I Nov. is Dec 31 Balances Perpetual inventory using LIFO The following units of a particular item were available for sale during the calendar year: Jan. 1 Inventory 4,400 units at $22 Apr. 19 Sale 2,600 units June 30 Purchase 5,600 units at $27 Sept. 2 Sale 4,500 units Nov. 15 Purchase 1,100 units at $30 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, pe

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