Insert Chart Text Shape Media Cont Car Chapter 5 Choose either FIFO OR UFO method 4. A company reported the current month purchase and sales data for its only product and uses the perpetual inventory system. Determine the cost assigned to ending inventory and cost of goods sold using FIFO or LIFO. (Choose ONE method only either FIFO OR LIFOJ. Please show your work. Date Activities Units Sold at Retail April 1 Beginning inventory 4 Purchase Units Acquired at Cost 175 units @ $15.00 150 units @ $16.00 7 Sales 160 units e $30.00 400 units @ $17.00 10 Purchase 16 Sales 25 Purchase 250 units @ $30.00 160 units @ $18.00 28 Sales 150 units @ $32.00 tv A MacBook Air