sssignment-takeSinprogress-false Show Me How LIPO Perpetual Inventory The beginning inventory at Funky Party Supplies and data on purchases and sales for a three-month period are as follows Date Transactionmber Per Unit of Units Jan. 1 Invertory2,500 7500 68.00 510,000 3,750 120.00450.000 50000 500 $120.0 60.000 70.00 1260,000 9,000 125.001.125,000 ,500125.002.062.500 Mar 5 Parchase15,00021.601074,000 10.000 125.00 1.250,000 150.000 8.750 125.001.093.750 10 Purchase 28 Sale 30 Sale 1,250 120.00 Feb. 5 Ssale 10 Purchase 18.000 16 Sale 29 Sale 14 Sale 25 Parchase 30 Sale 50072.00 Required: 1. Recordth. hventory, purchases, rt cost ot merchardse iad data n perpetual martary record sinear to the alustrated i.-hibit 5, using the last-ie, first-out methed. Under uro, f its are n inventry at tsio dreret costs, enterthi inli wit-HOHEinte, fin m the costo-Merchesse sssignment-takeSinprogress-false Show Me How LIPO Perpetual Inventory The beginning inventory at Funky Party Supplies and data on purchases and sales for a three-month period are as follows Date Transactionmber Per Unit of Units Jan. 1 Invertory2,500 7500 68.00 510,000 3,750 120.00450.000 50000 500 $120.0 60.000 70.00 1260,000 9,000 125.001.125,000 ,500125.002.062.500 Mar 5 Parchase15,00021.601074,000 10.000 125.00 1.250,000 150.000 8.750 125.001.093.750 10 Purchase 28 Sale 30 Sale 1,250 120.00 Feb. 5 Ssale 10 Purchase 18.000 16 Sale 29 Sale 14 Sale 25 Parchase 30 Sale 50072.00 Required: 1. Recordth. hventory, purchases, rt cost ot merchardse iad data n perpetual martary record sinear to the alustrated i.-hibit 5, using the last-ie, first-out methed. Under uro, f its are n inventry at tsio dreret costs, enterthi inli wit-HOHEinte, fin m the costo-Merchesse