Question: please help Smart Lighting, an LED bulb superstore, uses the FIFO method for valuing inventories. It began August with 50 units of a smart light

please help please help Smart Lighting, an LED bulb superstore, uses the FIFO method

Smart Lighting, an LED bulb superstore, uses the FIFO method for valuing inventories. It began August with 50 units of a smart light bulb that costs $80 each. During August, the store completed these inventory transactions: Units Unit Cost Unit Sale Price $140 40 80 $88 3 Sale 8 Purchase Sale 30 Purchase 96 Required 1.Prepare a perpetual inventory record for the smart light bulbs. 2.Determine the store's cost of goods sold for August 3.Compute gross margin for August

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