ACE Font Alignment A1 AE6.6 -- Apply perpetual FIFO and weighted average. Answer questions about results, D G 1 E6.5 - Apply perpetual FIFO and weighted average. Answer questions about results. 2 3. Dene Company uses a perpetual inventory system and reports the following inventory transactions for the month of July: 6 5 Units Unit Cost 6 July 1 Inventory 150 $5.00 12 Purchases 230 $6.75 8. 20 Sale (250) 2 28 Purchases 490 $7.00 10 11 Instructions 12 a) calculate the cost of goods sold and ending inventory under (1) FIFO and (2) weighted average (round the weighted average cost per unit to two decimal places) 15 FIFO Date Purchases Cost Cost of goods sold Cost Units Total Units Total Inventory balance Cost Units Total