Sports, Inc. began June with merchandise inventory of 245 bats that cost $48 each. During the month, Sports purchased and sold merchandise on account as follows: June 4 Purchase 8 Sale 14 Purchase 100 bats @ $49 each 200 bats @ $100 each 150 bats @ $49.75 each 200 bats @ $99 each 175 bats @ $50 each 60 bats @ $103 each 18 Sale 22 Purchase 28 Sale Required: 1) Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's total Sales, COGS, Gross Profit, and ending merchandise inventory. 2) Prepare a perpetual inventory record, using the average cost inventory method, and determine the company's Sales, COGS, Gross Profit, and ending merchandise inventory