Show Me How calaulator LIFO Perpetual Inventory The beginning inventory at Funky Party supplies and data on purchases and sales for a three-month period are as follows: Number of Units Per Unit Jan. 1 inventory 2,500 $60.00 $150,000 7,500 6.00 510,000 3,750 120.00 450,000 1,250 120.00 150,000 Feb. 5 Sale 500 $120.00 $60,000 18,000 70.00 1,260,000 9,000 125.00 1,125,000 8,500 125.00 1,062,500 Mar. 5 Purchase 15,000 71.60 1.074,000 14 10,000 125.00 1,250,000 25 purchase 2,500 72.00 180,000 8,750 125.00 1,093,750 1. Record the inventory, purchases, and cost of merchandise sold data in a perpetual inventory record similar to the one illustrated in Exhibit S using the last in, first-out method. Under LIFO, if units are in inventory at two different costs, enter the units with the HIGHER unit cost first in the Cost of Merchandise Sold Unit Cost column and LowER unit cost first in the Inventory Unit Cost column. Round unit cost to two decimal places, ir Submit Assignment for Grading