CC7-1 (Algo) Accounting for Changing Inventory Costs [LO 7-3, LO 7-5] In October, Nicole eliminated all existing inventory of cosmetic items. The trouble of ordering and tracking each product line had exceeded the profits earned. In December, a supplier asked her to sell a prepackaged spa kit. Feeling she could manage a single product line, Nicole agreed. Nicole's Getaway Spa (NGS) would make monthly purchases from the supplier at a cost that included production costs and a transportation charge. NGS would keep track of its new inventory using a perpetual inventory system. On December 31 of last year, NGS had 25 units at a total cost of $5.80 per unit. Nicole purchased 30 more units at $7.80 in February. In March, Nicole purchased 15 units at $9.80 per unit. In May, 60 units were purchased at $9.60 per unit. In June, NGS sold 60 units at a selling price of $11.80 per unit and 55 units at $11.20 per unit. CC7-1 (Algo) Part 2 2. Compute the Cost of Goods Available for Sale, Cost of Goods Sold, and Cost of Ending Inventory using the first-in, first-out (FIFO) method. (Round "Cost per Unit" to 2 decimal places.)