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Problem 2. Using the info from problem 1, fulfill the requirements under LIFO. On October 1st, the store had 120 of the tumblers that had

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Problem 2. Using the info from problem 1, fulfill the requirements under LIFO. On October 1st, the store had 120 of the tumblers that had cost of \$23/each. Teremana uses the LIFO inventory method, all purchases are made on account, and charges the customers $49 cash per Tumbler. October 3rd : Purchased 200 Tumblers at $23.05 each. October 5th : Sold 65 Tumblers. October 10th : Purchased 80 Tumblers at $23.20 each. October 20th : Sold 142 Tumblers. REQUIRED: a. Cost of Goods Sold for October b. Ending Inventory (in total dollars) at 10/31 c. Gross Profit for October d. Journal entry(ies) for October 3rd. e. Journal entry(ies) for October 5th

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