the following informa ion for the Exercises below ormation as to the questions displayed beim 20. reported the following current-year purchases and sales for its only product Units sold at Retail Units Acquired at Cost 200 units 2 $10 $ 2,000 150 units @ $40 350 units @ $15 5,250 Activities 1 Beginning inventory n.10 Sales Ar. 14 Purchase Mar.15 Sales Julyse Purchase Oct. 5 Sales Oct.26 Purchase Totals 300 units @ $40 450 units @ $20 9,000 430 units $40 @ $25 100 units 1,100 units 2.500 $18,750 880 units cercise 5-7 Perpetual: Inventory costing methods-FIFO and LIFO LO P1 equired o E L 9 Required 1 Required 2 Required Determine the costs assigned to endi cost of goods sold using FIFO. Perpetual FIFO: Date Goods Purchased units unit ost per Cost of Goods Sold #of units Cost per Cost of Goods sold unit Sold Inventory Balance Cost per of units Inventory unit Balance 200 $ 10.00 = $ 2.000.00 January 1 January 10 150 @ March 14 350 $ 15.00 @ $ 1500 March 15 Prev 5 min 13 Saved Help carta Required information March 15 July 30 October 5 October 26 $ 0.00 Totals