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Indigo limited uses a perpetual inventory system calculate

Question - Indigo Limited uses a perpetual inventory system. The inventory records show the Following data for its first month of operations:

Date	Explanation	Units	Unit Cost	Total Cost	Balance in Units
Aug. 2	Purchases	249	$72	$17,928	249
Aug. 3	Purchases	505	96	48,480	754
Aug. 10	Sales	(288)			466
Aug. 15	Purchase	862	125	107,750	1,328
Aug. 25	Sales	(319)			1,009

Required - Calculate the cost of goods sold and ending inventory using the FIFO cost method.

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