Question: please help me solve the entire problem thank you. Outdoor Adventure Company is a service-based company that rents canoes for use on local lakes and

please help me solve the entire problem thank you.

please help me solve the entire problem thank
Outdoor Adventure Company is a service-based company that rents canoes for use on local lakes and rivers during 2020. In addition to rental services, at the beginning of January 2021, Outdoor Adventure Company decided to carry and sell T-shirts with its logo printed on them. Outdoor Adventure Company uses the perpetual inventory system to account for the inventory. During February 2021, Outdoor Adventure Company completed the following merchandising transactions: (Click the icon to view the transactions.) Required . . .. . Requirement 1. Assume Outdoor Adventure Company began February with 60 T-shirts in inventory that cost $13 each. Prepare the perpetual inventory records for February using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. We will complete the schedule for the first five dates in this step, the next five dates in the following step, and so on. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, 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 Feb. 1 CO

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