use fifo and lifo

QUESTION 3 18 points Save And Modern Decor Furniture began June with merchandise inventory of 30 sofas that cost a total of $18,000. During the month, Modern Dcor purchased and sold merchandise on account as follows: June 1 Balance 30 sofas a S600 each June 7 Purchase 20 sofas @ $650 each 14 Sale 30 softs ( $1,000) each 18 Purchase 35 sofas @ $675 each 27Sale 35 sofas @ $1,200 each Prepare a perpetual inventory record, using the FIFO and LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise Inventory, and gross profit (18 points) For the toolbar, press ALT-P10 (PC) or ALT+FN+F10 (Mac). I g Paragraph Arial 14px 2 T. O WORDS POWERED BY TINY