Part 3 Zoom company uses Perpetual Inventory System. During the month of August, Zoom purchased and sold merchandise on account as follows: August 1 Beginning inventory 35units @ $10 each Purchase 30 units @ $20 each 15 Sale 40 units @ $60each 20 Purchase 60 units @ $ 25 each 30 Sale 85 units @ $40 each Requirement Using perpetual inventory record for Panda calculate Cost of goods sold using LIFO inventory costing method? (5 marks) Part 4 On September 30, Riyadh Real Estate Company acquired a land by paying $150,000 in cash. An old warehouse on the property was demolished at a cost of $10,000; the scrap materials were sold for $5,000. Additional expenditures before construction began included $2,500 attorney's fee for work concerning the land purchases, $9000 real estate broker's fee. (2 marks)