PLEASE ANSWER BELOW (17 points) A) Modern Dcor Furniture began Dcor purchased and sold merchandise on June with merchandise inventory of 45 sofas that cost a total of $31,500. During the mont me account as follows rchase 25 sofas $750 each sofas e 1,150 each 18Purchase 50 sofas e $775 each une sofas @ $1,200 each Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goo the month ending June 30, ending merchandise inventory as of june 30, and gross profit for the month ending June 30. Purchases ICost of Goods Sold I Inventory on Hand Quant Unit Total Quant Unit Total Quant Unit Total Date Cost Cost Cost CostCost Cost lall 612 points) repare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's c e month ending June 30, ending merchandise inventory as of June 30, and gross profit for the month ending Purchases Cost f Gods Sold Inventory on Hand Quant Unit Toal Quant Unit Troal Quant Unita Cost Cost Cost Cost Cost Cost