Q1. Fossil specializes in designer watches and leather goods. Assume Fossil began June holding 10 wristwatches that cost $50 each. During June, Fossil bought and sold inventory as follows: Jun 3 Sold 8 units for $100 each 16 Purchased 10 units @ $56 each 23 Sold 8 units for $100 each Requirements 1. Prepare a perpetual inventory record for Fossil using FIFO, LIFO, and Average