Problem 3 Using the same facts as in Problem 12: I copied the facts for your ease. Inventory Purchases: 2/1 500 Units@ $10.50/unit 2/5 700 units @ $11.50/unit 2/17 700 units @ $11.80/unit 2/27 300 units @ $12.50/unit 2/8 300 Units 2/12 100 units 2/24 400 units Sales: The physical inventory count at February 28th shows 1400 units on hand. Under a perpetual inventory system determine the cost of the inventory on hand at February 28th and the cost of goods sold for February, under the (A) FIFO and (B) LIFO methods