010 Alikad 1AC More Info Feb. 2 Sold 80 T-shirts at $15 each. Feb. 5 Purchased 60 T-shirts at $15 each. Feb. 7 Sold 65 T-shirts for $ 15 each. Feb. 8 Sold 25 T-shirts for $15 each. Wicked Wild Company realized the inventory was running low, so it placed a rush order and Feb. 10 purchased 45 T-shirts. The premium cost for these shirts was $16 each. Feb. 12 Placed a second rush order and purchased 65 T-shirts at $16 each. Feb. 13 Sold 45 T-shirts for $15 each. Feb. 15 Purchased 60 T-shirts for $15 each. In order to avoid future rush orders, purchased 200 T-shirts. Due to the volume of the order. Feb. 20 Wicked Wild Company was able to negotiate a cost of $13 each. Feb. 24 Sold 20 T-shirts for $15 each. Feb. 22 Sold 90 T-shirts for $15 each. Feb. 24 Sold 10 T-shirts for $15 each. Feb. 25 Sold 50 T-shirts for $ 15 each. Feb. 27 Sold 80 T-shirts for $15 each. Requirements - X 1. Assume Wicked Wild Company began February with 120 T-shirts in inventory that cost $13 each. Prepare the perpetual inventory records for February using the FIFO inventory costing method. 2. Provide a summary for the month, in both units and dollars, of the change in inventory in the following format: Number of T-shirts Beginning Balance Dollar Amount Add: Purchases Less: Cost of Goods Sold Ending Balance Print Done Wicked Wild Company is a service based company that rents canoes for use on local lakes and rivers during 2018. In addition to rental serices, at the beginning of January 2019, Wicked Wild Company decided to carry and sell T-shirts with its logo printed on them. Wicked Wild Company uses the perpetual inventory system to account for the inventory. During February 2019, Wicked Wild Company completed the following merchandising transactions: (Click the icon to view the transactions.) Read the requirement Requirement 1. Assume Wicked Wild Company began February with 120 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 Unit Inventory on Hand Total Date Unit Quantity Total Cost Cost Unit Total Quantity Cost Feb. 1 Cost Quantity Cost Cost 2 5 Enter any number in the edit fields and then click Check