Applying Excel 6: Merchandise Purchases A B C D E F G Units purchased Cost per Total Cost Units Sold unit of H Selling Total Price per Sales Purchase unit 1 Date 2 Dec. 1 Beginning inventory 850 $12 $10,200 3 Dec. 8 Purchase 1,050 14 14,700 4 Dec. 10 Sales 800 $30 24,000 567 Dec. 14 Purchase 1,100 15 16,500 Dec. 16 Sales Totals 990 $30 29,700 3,000 $41,400 1,790 $53,700 8 9 Perpetual 10 FIFO LIFO 11 Beginning inventory $10,200 $10,200 12 +Purchases 31,200 31,200 13 Cost of goods available for sale $41,400 $41,400 14 Ending inventory 15 Cost of goods sold 16 17 31,800 30,200 $9,600 $11,200 Perpetual 18 19 Sales 20 Cost of goods sold 21 Gross profit FIFO LIFO $53,700 $53,700 9,600 11,200 $44,100 $42,500 22 Which formula in cell E12 would NOT accurately compute the value of total purchases?