Monomaniacs Inc. makes use of a perpetual inventory system for the goods it sells. During January 2021, the following transactions took place:

Date	Type of Transaction	Number of Units	Amount Per Unit
January 2	Beginning Inventory	63	$50.00
January 5	Purchase	52	$51.00
January 9	Sale	55	$96.00
January 18	Purchase	50	$52.00
January 24	Sale	56	$96.00
January 30	Purchase	48	$53.00

Required: Use the information above to produce a 9-column perpetual inventory schedule of merchandise activity in January, 2021. When complete, circle or highlight the ending inventory, as well as the cost of goods sold for each of the two tables you will complete, based on the following perpetual methods:

a) LIFO

b) Moving Average

Go back to Problem 2, and for the LIFO table you created (in part (a)), produce all general journal entries for January 18 and January 24.

(assume all activity is on account - three entries in all)