Aberdeen Auto Mart uses a perpetual inventory system and reports the following transactions for the month of May for one of its products: Date Explanation Units Cost/Price May 1 Beginning inventory 20 $3.00 May 5 Purchase 5 3.25 May 13 Sale 22 10.00 May 20 Purchase 7 3.55 May 24 Purchase 5 3.70 May 31 Sale 13 10.00 Required: a.) Prepare inventory records using: i. The FIFO method ii. The LIFO method iii. The weighted average method b.) Under each of the methods you prepared in part a.) above, compute Sales, Cost of Goods Sold and Gross Profit. c.) Prepare journal entries for May 24 and May 31 under all methods.