Julie Company reported its October purchases and sales data as follows: Assume that the company uses a perpetual inventory system and all purchases and sales in October were made on credit. Required: 1) Set up a table with column headings as shown below and determine the cost assigned to ending inventory and cost of goods sold using: i. Frist in first out (FIFO); ii. Weight Average (Round per unit costs to three decimals, but inventory balances to the dollar). 2) Prepare journal entries to record the October 7 credit purchase and October 8 credit sale transactions under Weighted Average method. Julie Company reported its October purchases and sales data as follows: Assume that the company uses a perpetual inventory system and all purchases and sales in October were made on credit. Required: 1) Set up a table with column headings as shown below and determine the cost assigned to ending inventory and cost of goods sold using: i. Frist in first out (FIFO); ii. Weight Average (Round per unit costs to three decimals, but inventory balances to the dollar). 2) Prepare journal entries to record the October 7 credit purchase and October 8 credit sale transactions under Weighted Average method