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This Question: 8u ps and sold merchandise on account as follows Alls Gym began January with mierchandise inventory of 70 cratos of vitamins that cost total of $4,550. During the month,Afas Gym purchased Click the icon to view the transactions.) Read the requirements Requirement 1. Propare a perpetusal inventory record, using he FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross prof Begin by computing the cost of goo ld inventory on hand balances after cost of ening merchandise inventory using the FIFO inventory costing method Enter the transacions in chronological order, calculating new .wton .. oe all of the transactions have been entered into the porpetual recordacuato he quantity and total cost of merchandise monty purchased, sold, and on hand at the end of the peEnter the okdest inventory layers first.) Purchases Data Table Inventory on Hand Unit Cost of Goods Sold Unit Total Unit Total Date Quantity Costst Quantity Cost Cost Quantity Cost Cost Jan 5 Purchase 130 arates $ 76 each 140 crates $ 102 each 18 Purchase 150 crates$ 83 each 160 crates $ 118 each Jan. 1 13 Sale Enter any number in the edit fields and then continue to the next question 28 Sale ' Type here to search Desktop de ^