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.

2. During the month, Voldemort Corp. purchased and sold merchandise on account as follows: Dec 1 Balance Dec 7 Purchase Dec 14 Sale Dec 18 Purchase Dec 27 Sale 45 Horcruxes @ $700 each 25 Horcruxes @ $750 each 30 Horcruxes @ 1,150 each 50 Horcruxes @ $775 each 35 Horcruxes @ $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. The answers to Cost of Goods Sold, Ending Merchandise Inventory and Gross Profit are what is graded. In case you make an error and want partial credit, you may complete the (30 points) Complete this table if you would like it considered for partial credit in case any of the required answers are incorrect: Date Purchases Q | UC | TC FIFO Cost of Goods Sold Total Cost Merch. Inventory on Hand Q UC Total Cost The following are the answers that are graded: FIFO Cost of Goods Sold: FIFO Ending Merchandise Inventory: FIFO Gross Profit: Complete this table if you would like it considered for partial credit in case any of the required answers are incorrect: Date Purchases UC TC LIFO Cost of Goods Sold U C Total Cost Merch. Inventory on Hand Q UC Total Cost o The following are the answers that are graded: LIFO Cost of Goods Sold: LIFO Ending Merchandise Inventory: LIFO Gross Profit