Open Space Furniture began June with merchandise inventory of $45$ sofas that cost a total of

$750$ each $30$ sofas @ $1\mathrm{.}150$ each $50$ sofas @

$1,200$ each $18$Purchase $27$ Sale Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory & gross profit.