Beamer uses the perpetual inventory system. From the data below calculate the value of the ending inventory and the cost of merchandise sold for the month of November by each of the following methods: (a) first in first out( FIFO) and (b) last in first out (LIFO). S4 each $4.10 each Nov. 1 Inventory 4 Sold 11 Purchased 12 Sold 22 Purchased 23 Sold 60 units 40 units 35 units 27 units 18 units 16 units $4 2) cach Use the form provided. Skip a line between FIFO and LIFO Inventory Total Cost Cost of Merchandise Sold Quantity Unit Cost Total Cost Purchases Unit Cost Unit Cost Quantity Total Cost Date Quantity