Question: FIFO PERPETUAL INVENTORY RECORD: Use the information on beginning inventory, purchases, and sales to complete the table on the following page. Fill in the blank

FIFO PERPETUAL INVENTORY RECORD: Use the information on beginning inventory, purchases, and sales to complete the table on the following page. Fill in the blank templates to prepare a FIFO Perpetual Inventory Record. Then calculate the Gross Profit. Information to be used to complete the inventory records: March 1 Beginning Balance 100 Tablets @ $200 each 6 Purchase 75 Tablets @ $250 each 8 Sale 150 Tablets @ 400 each 21 Purchase 50 Tablets @ $300 each 29 Sale 60 Tablets @ $400 each

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