3)Ruggers Corporation sells one product, with perpetual inventory information for July as follows: July 1 Inventory 100 units at $15.00 each 4 Sale 80 units at $30.00 each 11 Purchase 150 units at $16.50 each 13 Sale 120 units at $30.00 each 20 Purchase 160 units at $17.00 each 27 Sale 100 units at $30.00 each Instructions a. Prepare a nine column schedule calculating GAFS, COGS and Closing Inventory under a moving average costing formula. b. Then calculate GAFS, COGS and Closing Inventory under a FIFO cost formula( you can use either 9 columns or quick FIFO for this) c. Prepare two partial income statements to calculate Gross Profit; one for each costing formula. d. Under your GP dollars calculate GP % for each e. Under your GP%, calculate the Mark Up % for each Hint- The inventory above is purchased in cost $ and the sales are at retail sales $ 30 marks