Assume that BR Tire Store completed the following perpetual inventory transactions for a line of tires:

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Assume that BR Tre Store comploted the following perpetual inverlory transactions for a line of lires: (i) (Cick the icon to view the transacions.) Read the requicementas Requirement 1. Compute cost of goods sold and gross prolit using Eve FIFO invenlory costing method, Begin by computing the cost of goods sold and cost of ending merchandise invenfory using the FFo invenbory costing method. Enter the tansocfions in chronological onder, calculating new invertery on hand balances after each transaction. Once all of the transactions bove been entered into the pergetual record, calculate the quantily and total cost of merchundise inventory purchased, scle, and on hand at the end of the period. (Enler the oldest iwentory layers first) More info