Academy Sporting Goods uses LIFO perpetual inventory method. During the month of October, the company bad the following transactions for Basketballs. Academy sells basketballs to customers for $20 /each. Provide answers to the questions below. Cost of Goods Sold - October $ Ending Inventory of Basketballs 10/31 \$370.10 Revenue for October $880.00 Gross Profit for October $524.60 10/1: purchased 40 balls for $8 /each 10/2 : purchased 20 balls for $8.05/ each 10/3: sold 11 balls 10/4: sold 17 balls 10/5 : purchased 30 balls for $8.15/ each 10/7: sold 16 balls JOURNAL ENTRIES: Academy Sporting Goods uses LIFO perpetual inventory method. During the month of October, the company bad the following transactions for Basketballs. Academy sells basketballs to customers for $20 /each. Provide answers to the questions below. Cost of Goods Sold - October $ Ending Inventory of Basketballs 10/31 \$370.10 Revenue for October $880.00 Gross Profit for October $524.60 10/1: purchased 40 balls for $8 /each 10/2 : purchased 20 balls for $8.05/ each 10/3: sold 11 balls 10/4: sold 17 balls 10/5 : purchased 30 balls for $8.15/ each 10/7: sold 16 balls JOURNAL ENTRIES