Designer Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500. During the month, Designer Furniture purchased and sold merchandise on account as follows: June 14 18 27 Purchase Sald Purchase Sall! 25 sofas @ $750 each 30 sofas @ $1,150 each 50 sofas @ $775 each 35 sofas @ $1,200 each Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quant. Cost Cost Quant. Cost Cost Quant. Cost Cost