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Phailanoe Shitet The aceount balances of Zenith Travel Service for the year ended August 31, 2gra, are llsted below. Fresule a rebert ferm belance sheet as of August 31. zory. When entering asiets, ehser thert in order of Jiquisify- Perpetual Ifventary Using Lro Beginting inventery, purthases, ahd sales for ltem HMa6 are as follows: Perpetual Inventory using FiFO Deginting invelntary, purthases, and sales for ltem tMa6 are as follows: Assuming a perpetual imventory svstem and using the first-in, first-cut (FIFO) mithod, debermine (a) the cost of merchardse sold an luly 25 and (b) the inventory on July 31