Q2. The Decorative steel company began the month of August with 55 units of iron inventory that costs $35 each. During August the company completed the following inventory transactions: August 3, sold 45 units @ $ 83/- per unit. August 8, Purchased 75 units @ $ 52 per unit. August 21, Sold 70 units @ $ 85 per unit. August 30, Purchased 10 units @ $ 55 per unit. Prepare a perpetual inventory record using FIFO & LIFO