Provide answers to all of the questions below: 1. Describe what a purchase order is and list five items that must be included. 2. Describe what a tax invoice is and list five items that must be included. Complete the following activities: 1. Prepare relevant journal entries recording these purchases in a perpetual inventory system, using the first worksheet in the Softest Sofas Workbook Template. 2. Prepare relevant journal entries recording these purchases in a periodic inventory system, using the second worksheet in the Softest Sofas Workbook Template. 3. Prepare the inventory subsidiary ledger account (inventory card) for Blazer Trailers using the Weighted Average costing method in the third worksheet in the Softest Sofas Workbook Template. 4. Prepare the inventory subsidiary ledger account for Blazer Trailers using the First In First Out (FIFO) costing method in the third worksheet in the Softest Sofas Workbook Template. On 1 September, the Slab Shop has $58,000 worth of inventory at hand. During the month, the shop sold a total of $111,120 worth of timber was sold to customers On 30 September the shop had $80,900 worth of inventory at hand. 5. Calculate the Inventory Turnover and the Number of days that inventory was held for the Slab Shop in May. 1. Prepare the manager’s inventory report for the morning of 3 October Use the Inventory Report Template to record your response. Sotest Sofa Inventory full solution available  Softest Sofa excel full file