Perpetual Inventory System - Seller Smith Co. sold merchandise to Macys $100,000, the cost of the merchandise sold is $50,000. Terms of sale 01/10, N30 FOB Destination. United airlines billed Smith Company $3,000 for the Freight charges. Required: 1) Record the Journal Entry(s) for the Sales Transactions. 2) Record the Journal Entry for the Freight Charges. For the toolbar, press ALT +F10 (PC) or ALTTFN+F10 (Ma). Inventory Valuation : LIFO Perpetual Inventory Method The Smith Toy Company had the dfollowing transactions during 2022: 01/02 - Beginning Inventory Balance 150 Units @ \$25 03/10 - Purchase 125 Units @ $32 04/10 - Sold 190 Units 05/25 - Purchase35 Units @\$40 06/10 - Sold 80 Units Use a blank Perpetual Cost Sheet to solve this problem! REQUIRED: Using the LIFO Method at 06/30/22, 1) Compute the Ending Inventory (Units and Dollar Amount) 2) Compute the Cost of Goods Sold (Units and Dollars) 3) Compute the Gross Profit: Assume The Selling Price for the units Sold is $60. Submit Only Your Answers for Items 1, 2, \& 3 above. For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)