roblems roup b iems, assume the perpetual inventory gystem is used sunles tated otherwise. Accounting for inventory using the perpetual inventory system- LIFO, and weighted-average Fic World began January with merchandise inventory of 90 crates of vitamins that cost otal of $5,850. During the month, Fit World purchased and sold merchandise on account as follows: Jan. 2 Purchase 130 crates @$ 76 each 140 crates$ 100 each 170 crates @$ 86 each 180 crates $ 104 each 5 Sale 16 Purchase 27 Sale Requirements . Prepare a perpetual inventory record, using the FIFO inventory costing method and determine the company's cost of goods sold, ending merchandise inventory and gross profit