a. Determine the cost of goods sold and ending merchandise inventory by preparing a perpeta vivenly.cord using the specific dicion method. Assume the following costing information for the book sold during the month August 3 5 books costing 521 each August 15 10 books costing $2 each and books costing 523 cach August 20 6 books costing 523 each and 2 books costing 2 ath Start by entering the beginning inventory ances Enter the transactions in chronological order, calling now wentary on hand to reach action how at the traction have been toe into the perpetual record, calculate the gatty and total cost of merchandino inventory purchased, old, and on hand at the end of the period Enter the oldest vertory layer trat) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost G More info Purchases Unit Cost Total Cost Cost of Goods Sold Unit Total Quantity Cost Cost Inventory on Hand Unt Total Quantity Cost Cost Date Quantity Aug 1 3 12 Aug 1 Aug. Aug 12 Aug 15 Aug. 20 Aug 28 Beginning madanie vertory, 17 boxca Sed boks 25 ch Purchased 12 ks 123 och od 15 o 125 Purchased to sach Sol a book 831 coch 15 Print Done