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Data table Steel Mill began August with 45 units of iron inventory that cost \$24 each. During August, the company completed the following inventory transaction (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare a perpotual inventory record for the merchandise inventory using the FFFO inventory costing method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after eac transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantify and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oidest inventory layors first)