2. JR Store reported the following October Durchases and sales data for a line of merchandise it deals. The company uses a perpetual inventory system. 1) Prepare the company's inventory record using LIFO. 2) Identify cost of goods sold for the month and the profit of the month. 3) Journalize the transactions on October 7 and 18. Date Item Quantity (Units) Unit Price Oct. 1 9 Beginning Inventory $ 70 6 75 E- Date Item Quantity (Units) Unit Price Oct. 1 9 Beginning Inventory $ 70 6 75 7 Sales 7 105 18 Purchase 10 69 26 Sales 8 105 **Note: Please 1) write your answer to the question(s) on the paper, then 2) take photo(s)/picture(s) of your answer to the E- T