Itco uses a perpetual inventory system. During the month of October the following transactions took place: 10/1 10/5 10/10 10/12 10/15 10/22 Balance: 2,000 uts. @ $5.00/ut Purchased: 5,000 uts. @ $5.25/ut Purchased: 8,000 uts. @ $5.50/ut Sold 12,000 uts. for $10.00 ea. Purchased: 4,000 uts. @ $5.75/ut Sold 5,000 uts. for $10.00 ea. Required: NOTE: YOU MAY USE A SPREAD SHEET RATHER THAN THE RECORD PROVIDED. Complete the perpetual inventory record (provided) for the above transactions using FIFO 9 Make the required journal entry on 10/5 for the FIFO method. 5 Make the required journal entry on 10/12 for the FIFO method. 6 Complete the perpetual inventory record (provided) for the above transactions using LIFO