Cab 11 - B U mat Painter ke x x 3 = 2. 2 - Paragrap LULJA PUH Caption Heading Heading 2 Title T No Space Font Styles The Corbeil Company carries an inventory of a product P The sales price of each product is S 125. The company uses the perpetual inventory system with the FIFO method Company records indicate the following for May DATE ITEM QUANTITY UNIT COST May 01 Balance 24 $61 07 Sale 20 11 Purchase 35 68 18 Sale 31 25 sale REQUIRED 1. Prepare the perpetua inventory record of the month. Round the average unit cost to the nparestent and the other amounts to the nearest dollar 2. Identify the cost of the ending inventory and the cost of goods sold 3. Journalize the company's transactions using the FIFO Method and assuming purchases and sales are an account 7 of Word English Canada Question Question 2 Ray Crue Rerences LA Type here to search 99 99 W