2 (1).pdf 2/2 100% P2. Open Space Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, Open Space purchased and sold merchandise on account as follows: 25 sofas @ $750 each June 7 Purchase 14 18 27 Sale Purchase Sale 30 sofas @ 1,150 each 50 sofas @ $775 each 35 sofas @ $1,200 each Prepare a perpetual inventory record, using the LIFO inventory costing method. Use the table below as your guide. Purchases Cost of Goods Sold Inventory on Hand Date: Quant Unit Total Cost Cost Quant Unit Total Cost Cost Quant Unit Total Cost Cost