all the requirements

counting for inventory using the perpetual inventory system FIFO, LIFO, and weighted-average, and comparing FIFO, LIFO, and weighted-average Learning Object Steel Mill began August with 50 units of iron inventory that cost $35 each. During August, the company completed the following inventory transactions: 5. FIFO GP $5,235 Units 45 90 85 15 Unit Cost Unit Sales Price Aug. 3 Sale $ 85 8 Purchase 21 Sale 30 Purchase $ 54 58 Requirements FIFO inventory costing method. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method. 2