Knowledge Check $01$ Intercontinental, Incorporated, uses a perpetual Inventory system. Consider the following Information about its Inventory. July $1,$ purchased $10$ units for $$910$ or $$91$ per unit, July $3.$ purchased $15$ units for $$1\mathrm{.}590$ or $$106$ per unit: July $14,$ sold $20$ units: July $17,$ purchased $20$ units for $$2,300$ or $$115$ per unit: July $28.$ purchased $10$ units for $$1,190$ or $$119$ per unit: July $31,$ sold $23$ units. Using LIFO. the cost of goods sold for the sale of $23$ units on July $3115$ and the inventory balance at July $31$ IS Cost of goods sold Inventory balanceKnowledge Check $01$ Intercontinental, Incorporated, uses a perpetual Inventory system. Consider the following Information about its Inventory. July $1,$ purchased $10$ units for $$910$ or $$91$ per unit, July $3.$ purchased $15$ units for $$1\mathrm{.}590$ or $$105$ per unit: July $14.$ sold $20$ units: July $17.$ purchased $20$ units for $$2,300$ or $$115$ per unit: July $28.$ purchased $10$ units for $$1,190$ or $$119$ per unit, July $31,$ sold $23$ units. Using weighted average, the cost of goods sold for the sale of $23$ units on July $3115$ and the inventory balance at July $31$s Cost of goods sold Inventory balance