fit world began july with merchandise inventory of 80 crates of vitamins that cost a total of $3600. During the month, fit world purchased and sold merchandise on account as follows

jul 5 purchase 120 crates @ $58 each

jul 13 sale 130 crates @ $100 each

jul 18 purchase 130 crates @ $72 each

jul 26 sale 140 crates @ $106 each

prepare a perpetual inventory record using the FIFO inventory costing methodAnd determine the companies cost of goods sold any merchandise inventory and gross profit