a line of dolls during December as follows: m. - i More Info + Quan Dec. 1 Beginning merchandise inventory 13 8 Sale 7 units @ $ 10 each units @ $ 16 each units @ $ 14 each units @ $ 16 each 14 Purchase 16 21 Sale 13 Print Done then click Check Answer. Clear All BR Toys uses the perpetual inventory system Read the resements Requirement 1. Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the FIFO inventory costing method Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method Enter the transactions in chronological order, calculating new Inventory on hand balances after each transaction 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 Enter any number in the edit fields and then click Check Answer Assume that BR Toys store bought and sold a line of dolls during December as follows: Click the icon to view the transactions.) BR Toys uses the perpetual inventory system 13 10 130 Read the requirements Dec. 1 Dec. 8 Dec 14 10 70 Dec 21 Totals Enter any number in the edit fields and then click Check Answer. 6 parts remaining Clear All