ASSETS LIABILITIES + EQUITY Non-current Assets Property, Plant & Equipment Intangible Assets/Other Current Liabilities Non-Current Liabilities Contributed Capital Accumulate OCI Current Assets Investments Earned Capital 7. A comp+y had the following purchases and sales during its first year of operations. Jan: Feb: May: Sept: Nov: 10 units at $120 20 units at $125 15 units at $130 12 units at $135 10 units at $140 6 units at $240 each 5 units at $240 each 9 units at $260 each 8 units at $270 each 13 units at $275 each The company uses the perpetual FIFO inventory cost allocation method. Using the attached T-account template (or a spreadsheet that specifies each relevant account in a separate column and indicates whether the account is increased or decreased by the transaction) prepare the purchase and sale transactions indicated above. 8. Using the same data as No. 7, assume the company uses the perpetual LIFO inventory cost allocation method. Using the attached T-account template (or a spreadsheet that specifies each relevant account in a separate column and indicates whether the account is increased or decreased by the transaction) prepare the purchase and sale transactions indicated above. 9. Using the same data as No. 7, assume the company uses the weighted average inventory cost allocation method Using the attached T-account template (or a spreadsheet that specifies each relevant account in a separate column and indicates whether the account is increased or decreased by the transaction) prepare the purchase and sale transactions indicated above