Use the information below to complete the tasks. $($HINT: under view use "freeze panes" so it is easier to scroll through the information$)$

Model Airplane kits sell for $$50$ each

$1$ Prepare a perpetual inventory costing record using FIFO and journalize the purchase and sales transactions. $($Aassume all purchases and sales are on account$)$

$2$ Prepare a perpetual inventory costing record using LIIO and prepare the purchase and sales transactions.