Activities Beginning inventory Purchase Date August 1 August 5 August 10 August 15 August 25 Sale Purchase Sale Use the above information to calculate ending inventory using FIFO for a company that uses a perpetual inventory system. August 1 Date August 5 Total August 5 August 10 August 15 Total August 15 August 25 Total August 25 Goods purchased Number of Cost per units unit Units Acquired at Cost 250 units @ $10 = $2,500 190 units @ $12 = $2,280 220 units @ $13 = $2,860 Number of units sold 1 Cost of Goods Sold Cost per unit Units Sold at Retail Cost of Goods Sold $ 0.00 210 units sold 200 units sold Number of units 25 Inventory Balance Cost per unit Inventory Balance $ $ $ 0.00 0.00 0.00

Ise the above information to calculate ending inventory using FIFO for a company that uses a perpetual inventory system