Modern Décor Furniture began June with merchandise inventory of 45 sofas that cost a total of $31,500.During the month,Modern Décor purchased and sold merchandise on account as follows:
Prepare a perpetual inventory record,using the FIFO inventory costing method,and determine the company's cost of goods sold,ending merchandise inventory,and gross profit. 
Definitions:
Communication Structure
The organized pattern or arrangement by which information is transmitted and received among members of a system or network.
Group Cohesiveness
The degree to which members of a group are attracted to each other and motivated to stay in the group, affecting the group's performance and stability.
Liking Relationships
Interpersonal connections characterized by positive feelings toward each other and enjoyment of each other's company.
Group Polarisation
Describes the tendency of a group to make decisions that are more extreme than the initial inclination of its members, often leading to riskier or more conservative positions.
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