Exercise 6-5 Alternative cost flow assumptions-perpetual inventory system Lo2 eXcel CHECK FIGURES: 3. COGS a. $5,527 b. $5.476 Car Armour sells car wash cleaners. Car Armour uses a perpetual inventory system and made purchases and sales of a particular product in 2020 as follows: Jan. 1 Beginning inventory Jan 10 Sold Mar. 7 Purchased Mar. 15 Sold July 28 Purchased Oct 3 Purchased 110 units 80 units 300 units 130 units 550 units $7.00 $15.50 $6.30 $15.50 $6.10 $6.00 $15.50 $ 770 1,240 1,890 2,015 3.355 500 units 3,000 10,385 Oct 5 Sold 670 units Required 1. Calculate the total goods available for sale (in units and cost). 2. Calculate the number of units sold and units remaining in ending inventory. 3. Determine the share of the cost of goods available for sale calculated in Part 1 that should be assigned to ending inventory and to goods sold under: a. FIFO b. Moving weighted average