73% 15:19 PO 3. JR Tire Store reported the following July purchases and sales data for a line of tires it deals. The company uses a perpetual inventory system. 1) Prepare the company's inventory record on LIFO basis. 2) Identify cost of goods sold for the month and the profit of the month. 3) Journalize the transactions on July 16 and 24. Date Item Quantity Wnits) Unit Price May 1 Beginning Inventory 12 $100 5 13 Sales 10 180 16 Purchase 105 24 Sales 11 180 You should complete this individually, solely on your own, with no help from another student in this course al 73% 15:19 10 Sales 180 16 Purchase 8 105 24 Sales 11 180 You should complete this individually, solely on your own, with no help from another student in this course or from any other school or course. Instructions: 1) please handwrite your answer, 2) take a picture/pictures of your answer and make sure your picture is glear enough and readable, as the mark is given only based on this picture/these pictures; and 3) upload the picture(s) into this SuperStar system. (WETSIFE) 73% 15:19 PO 3. JR Tire Store reported the following July purchases and sales data for a line of tires it deals. The company uses a perpetual inventory system. 1) Prepare the company's inventory record on LIFO basis. 2) Identify cost of goods sold for the month and the profit of the month. 3) Journalize the transactions on July 16 and 24. Date Item Quantity Wnits) Unit Price May 1 Beginning Inventory 12 $100 5 13 Sales 10 180 16 Purchase 105 24 Sales 11 180 You should complete this individually, solely on your own, with no help from another student in this course al 73% 15:19 10 Sales 180 16 Purchase 8 105 24 Sales 11 180 You should complete this individually, solely on your own, with no help from another student in this course or from any other school or course. Instructions: 1) please handwrite your answer, 2) take a picture/pictures of your answer and make sure your picture is glear enough and readable, as the mark is given only based on this picture/these pictures; and 3) upload the picture(s) into this SuperStar system. (WETSIFE)