Question: Question 2 This question has two parts, Part A and B. You are required to answer both parts. Part A Jolie Company uses a perpetual

Question 2 This question has two parts, Part A and B. You are required to answer both parts. Part A Jolie Company uses a perpetual inventory system. The company records show the following data for its only product. 1 Oct Beginning balance 80 units at $500 each 12 Oct Sale 50 units 15 Oct Purchase 120 units at $600 each 25 Oct Sale 90 units Compute and report the cost of goods sold for October 2020 and cost of the ending inventory on 31 October 2020 under: (a) FIFO method. \f

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