Watch Me specializes in desgner watches and leather poods. Watc Me us the perpetual inventory ayatem Acsume Watch Me tegan June holding 28 wrtwatches th8ach. During June, Watch Me bought and ls inventcry as folliowa (Click the icon to view the transactiore) Read the reairements Requirement 1.Prepare a perpetual inventory recond for Watch Msing the FIFO, LIFO, and weighted-average inventcry coeting methods. Be n by p eparing a pe peu a in emery eco d sr FIF Sta by e te ne the be ining in en o bala es nterte ansaa ns e en o cal rde cale a ne en ry on hand balances ahe ea va sac on e e a ofthe ransacfons a e been ente ed ino the pe e a eco calo ae e anity and to a cost of meehan ise nvencory purchaed, scld, and on hand athe end ofthe penod (Enter the oldest inventory layers first) FIFO: Cost of Goods Sold Unit More Inf - x Requiements Unit DateQuantityCCotQuantityCoQuantity Cost Unit Totel Total Total Cost 8 units for 3120 each 1 Prepare s perpetuel inventory recond for Wetch Me using the FIFO. LIFO. and welghtachavange invatory coatingmahoc Purchaad 70 unt a:s STB aen otting mechoda.Acsume al as and purchas are on account. Eplareions are not required 3. Show the computstion of gros proft for esch method. 4. Which mathed mavomazc net incoma? Which method mnimzes inooma Print Done Tocala Prin Dona