Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory and gross profit.

ACCT 101 101 ONL 15A SP21 Archie Marques Biddlejohnson & Save HW Score: 79.53%, 0.8 of 1 Homework: Chapter 6 Homework Assignment Score: 0.8 of 1 pi 1 of 1 (cm) * PF6-28A (similar to) Word beper Jury with methodno invertory of 180crates of tani thot conta sotul a $3.000 Drew month, Word purchased and sold merchandise on account om Cicconto view the transaction) Read the Question Help Requirement 1. howevery recond, water intory conting and determine the company's cost of good old, and muchas vectory, and go profit by computing the cost of good sed and cost of endres de inventory in the PFO invertory continued to the actions in chronicle, caleng rewritory on hand better on Once to the actions toe been tored the concerty and stal cost of merchandisinin hedderdaad oor hoy Purchase Unit Coat Cost of Good Sold Unit Total Cost Cast Total Cou Intry on Hand Un Tol Quantity Cont Cast Bate 5 13 18 26 Totals merchandise inventory burchased sala X i Data Table Jan. 5 Purchase 120 crates @ $58 each 130 crates @ $100 each Jan. 13 Sale Jan. 18 Purchase 130 crates @ $72 each Jan. 26 Sale 140 crates @ $116 each Print Done