Homework: Week Three: Chapter 6 problems Sav Score: 0 of 4 pts 1 of 3 (0 complete) HW Score: 0%, 0 of 15 PF6-28A (similar to) Question Help The Athlete began January with merchandise inventory of 78 crates of vitamines that cost a total of 54.290. During the month, The Atlete purchased and sold merchandise on account as follows: IT Click the icon to view the transactions) Read the requirements. Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods solid ending merchandise inventory, and gross profit Begin by computing the cost of goods sold and cost of ending merchandise Inventory using the FIFO inventory costing method Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calolate the quantity and total cost of marchandise inventory purchased, old, and on hand at the end of the period (Enter the oldest inventory Layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 1 5 13 Enter any number in the ed elds and then click Check Answer parts remaining Clear Check Answer Type here to search O A VING 11:43 PM 1/2000 hp FB 55 F6 F9 F2 F11 FO 8. 9 nventory ise inver etual red i Data Table ng m - X nchro Chase Sold Jan. 5 Purchase Tota Jan. 13 Sale Cos Jan. 18 Purchase 156 crates @ $64 each 180 crates @ $96 each 114 crates @ $75 each 150 crates @ $110 each Jan. 26 Sale Print Done