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which of the previous alternatives . Next Level If Garrett uses IFRS, Alternative Inventory Methods Totman Company has the following transactions during the months of Janunry P7-7 LO5 and February: Date Transaction Units Cost/Unit 200 50 40 Balance Purchase Sale Purchase Purchase Sale Sale January 1 10 525 27 28 28 February 4 14 23 40 50 20 is $24, $23, and SI per unit, respectively, under the FIFO, average and anuary LIFO cost flow assumptions. Required: 1Compute inventories at the end of each month and the cost of goods sold for each month for the following alternatives: a. FIFO periodic b. FIFO perpetual