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 7 Purchase 14Sale 18 Purchase 27 Sale 25 sofas @ $750 each 30 sofas @$1,150 each 50 sofas $775 each 54 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 1 1 Cost of Goods Sold I Inventory on Hand Quant Unit Total Date Cost Cost Quant Unit Cost Total Cost Quant JUnit Total Cost Cost