7 JR Store reported the following October purchases 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 FIFO. 2) Identify cost of goods sold for the month and the profit of the month. 3) Journalize the transactions on Apr 9 and 16. Date Item Apr. 1 Beginning Inventory 9 Sales 16 Purchase 24 Sales Quantity (Units) Unit Price 9 750 20 20 690 18 1000 12 830 15 1000