Doentifying Goods is Transit as inventory or Not trams, targs shoud be incused in the phyweal inveriocy count of Damond Co on December 31 of the current year? Alvart be incude in irsentory batunce 1 Perpetual System-Calculating Ending Inventory and Cost of Sales Using FIFO Upland Co.'s inventory records showed the following data accounted for in a perpetual inventory system. What is (a) ending inventory on June 30 , and (b) cost of goods sold for June, using the FIFO inventory method? - Note: Do not use negative signs with any of your answers. - Note: List the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed What is (a) ending inventory on june 30 , and (b) cost of goods sold for June, using the FIFO inventory method? - Note: Do not use negative signs with any of your answers. - Note: List the inventory units in chronological order based on their purchase date with beginning inventory, if any, listed fir