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Open Space Furniture Began June with Merchandise Inventory of 45

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Open Space Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500.During the month,Open Space purchased and sold merchandise on account as follows:
Open Space Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500.During the month,Open Space purchased and sold merchandise on account as follows: Prepare a perpetual inventory record,using the LIFO inventory costing method,and determine the company's cost of goods sold,ending merchandise inventory,and gross profit.
Prepare a perpetual inventory record,using the LIFO inventory costing method,and determine the company's cost of goods sold,ending merchandise inventory,and gross profit. Open Space Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500.During the month,Open Space purchased and sold merchandise on account as follows: Prepare a perpetual inventory record,using the LIFO inventory costing method,and determine the company's cost of goods sold,ending merchandise inventory,and gross profit.

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