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1 Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method and determine the company's cost of goods sold ending merchandienvertory, and gross prodt Begin by computing them of goods sold and cost of ending machando ventory using the FIFO inventory costing method Enter the transactions in chronological order, calculating new Wertory on hand balances are Once all of the wors have to entered into the perpetual record, calculate the quantity and total cost of merchande invertory purchased, sold, and on hand at the end of the period. (Enter the oldest invertory layen Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cont Cost Quantity Cost Cost Quantity Cost Cost O, 1 90 86 5850 Data Table 5 75 1880 90 SAD 530 76 3030 20 Oct. 5 Purchase 130 croS7 each 78 BOBO 50 Oot Sale 140 crates 586 och 179 28 14570 Oct. 18 Purchase 170crates 500 each 80 76 BOBO 170 14620 Oct. 21 Sale To $100 h 20 00 70 0020 100 Print Done 300 500 200 6000 TO Der theory rose Dosing the FFO Nostory conting method Otto FIFO Invoy con mood Externe in the cat de and then continue to the next question 10 $8 MacBook Al esc 80 FO OW DD 18 :8 * EM ! 1 $ 4 % 5 2 3 & 7 6 ) 0 8 9 W E R T Y U A S D F G TOCK H J L N X C V B ? N M ? T trol option command command option