Create the general journal entries, maintain the Inventory T-Account, and Inventory Ledgers

for the above transactions using perpetual FIFO, periodic LIFO & perpetual weighted average inventory methods

8.1	Listed are all of the inventory, cash transactions for the month of May
	1-May	Bought 7 DCDF001 for a total of $350.00
	3-May	Bought 4 CCF034 for a total of $92.00
	7-May	Sold 2 DCDF001 for a total of $120.00
	9-May	Bought 3 DCDF001 for $42.24 each
	11-May	Sold 4 DCDF001 for $75.11 each and 2 CCF034 for $51.88 each
	20-May	Bought 3 CCF034 for $26.36each
	25-May	Sold 1 CCF034 for $48.22 and 2 DCDF001 for $72.11 each
	29-May	Bought 1 DCDF001 for $62.89 and 1 CCF034 for $12.50

(check figure: perpetual FIFO ending inventory balance = 261.95)
(check figure: periodic LIFO ending inventory balance = 268.36)
(check figure: perpetual weighted average ending inventory balance = 269.63)

8.2	1-Jan	Beginning Balance of 100 units at $5.00 each
	4-Jan	Sold 80 units at $8.00 each on account
	11-Jan	Bought 150 units at $6.00 each with cash
	13-Jan	Sold 120 units at $8.75 each with cash
	20-Jan	Bought 160 units at $7.00 on account
	27-Jan	Sold 100 units at $9.00 on account

(check figure: periodic FIFO ending inventory balance = 770.00)
(check figure: perpetual LIFO ending inventory balance = 700.00)
(check figure: periodic weighted average ending inventory balance = 676.10)