Use the FIFO/LIFO Inventory grids by clicking on the GRIDS tab below. June 1 each 4 each 6 8 14 Balance Purchased Sold Purchased Sold Purchased Sold Purchased Sold 20 units 10 units 15 units 20 units 10 units 20 units 30 units 14 units 11 units cost cost for cost for cost for cost $27 $28 $43 $29 $43 $30 $43 $31 $44 19 each each each each each each 22. 28 30 for each Determine the inventory balance at June 30 using the FIFO method of inventory valuation. Enter the number of units AND the dollar amount. Number of units Dollar amount S 1. Present the joumal entries for the sale (on account) on June 14 under the FIFO method. Date Account Debit Credit 21 Accounts receivable 430 Sales 430 Cost of merchandise sold Merchandise inventory 2. Determine the amount of gross profit for June when using the FIFO method. S 3 Detemine the inventory balance at June 30 using the LIFO method of inventory valuation. Enter the number of units AND the dollar amount. Number of units Dollar amount 24. Present the joumal entry for the purchase