ABC merchandising had of balance of 200 units of inventory at the beginning of May 2019. These units had a per unit value of 500 taka. They had the following purchases and sales during May 2019. Purchases 03-May Purchased 250 units at 505 taka per unit 09-May Purchased 300 units at 510 taka per unit 19-May Purchased 210 units at 512 taka per unit 25-May Purchased 220 units at 513 taka per unit Sales 08-May Sold 350 units for 600 taka each 13-May Sold 300 units for 610 taka each 22-May Sold 200 units for 610 taka each Task: Using the perpetual LIFO method calculate the Cost of Goods Sold and Ending Inventory. Assume that on May 31 you find that 25% of your inventory has spoiled and will have to be discarded. They can be sold for salvage for 5000 taka in total. Prepare a journal entry for this spoilage.