Assume Time Shop began July with an inventory of 25 smart watches that cost $64 each. Time Shop sells them for $110 each. During July, Time Shop bought and sold inventory as follows. (Click the icon to view the transactions.) The resulting perpetual inventory records under FIFO and moving-weighted-average cost are provided. (Click the icon to view the FIFO perpetual inventory record.) (Click the icon to view the moving-weighted-average cost perpetual inventory record.) Journalize all of Time Shop's inventory transactions for July for the FIFO and moving-weighted-average-cost methods. All transactions are on account. Question list Question 1 Assume Time Shop began July with an inventory of 25 smart watches that cost $64 each. Time Shop sells them for $110 each. During July, Time Shop bought and sold inventory as follows. (Click the icon to view the transactions.) The resulting perpetual inventory records under FIFO and moving-weighted-average cost are provided. (Click the icon to view the FIFO perpetual inventory record.) (Click the icon to view the moving-weiahted-average cost perpetual inventory record.) FIFO record MWA record