4 Suki Supplies uses a perpetual inventory system. Please answer the following questions related to the information provided for the month's transactions. Assume that Suki uses the FIFO method. FIFO Date 5 6 a. FIFO perpetual: 7 Purchases Sales 8 Date Units 9 1-Jul 200 Unit Cost $4.00 Units Unit Price 10 3-Jul 50 $5.40 11 4-Jul 170 $10.00 12 10-Jul 40 $5.60 13 26-Jul 60 $11.00 14 28-Jul 100 $6.00 15 31-Jul 75 $11.50 16 17 REQUIRED: 18 Please prepare your calculations in the template on the right. 19 Answer the questions below in the spaces provided. 20 21 1. What is the Cost of Goods Sold for the month using the FIFO method? (1 mark)