Watch Me specializes in designer watches and leather goods. Watch Me uses the inventory system. AssumeWatch Me began June holding 88 wristwatches that cost $66 each During June, Watch Me bought and sold inventory as follows: Requirements - XMore Info 1. Prepare a perpetual inventory record for Watch Me using the FIFO, LIFO, and 3 18 23 Sold 33 units for 5120 each. Purchased 70 units at 578 each. Sold 60 units for 5120 each Jun. weighted-average inventory costing methods 2. Journalize all of Watch Me's inventory transactions for June under all threse costing methods. Assume all sales and purchases are on account. Explanations are not required. Show the computation of gross profit for each method. Which method maximizes net income? Which method minimizes income taxes? 3 4