Add a File Record Audio Record Video Question 7 (5 points) Spector Enterprises records the cost of its inventory using the First-In, First Out method using the perpetual approach. Below is the purchase and sale history for February: Date Transaction Units $/Unit Feb 1 Opening Balance 52 $ 4.52 Feb 9 Purchase 18 S 7.33 Feb 14 Sale 55 ??? Feb 15 Purchase 12 $ 5.30 REQUIRED: Determine the balances for ending Inventory and Cost of Goods Sold for the month of February under the First-In, First Out method. Make sure you show all your work. (5 marks) Paragraph v B I UV A/ EV +