Blackbum Lawn Supply, which uses the FFFO method, began May with 191 uniis of ieventory that cost $56 eBoh. During May, Blackbum completed these inventory tran3acticns: (1) (Click the icon to view the transactions.) Required 1. Prepare a popetual inventocy reoond for the fortilizer 2. Deternine Blackburn's cosi at goods sold fo 3. Compute pross margin for May: Transactions Requirement 1. Prepare a perpetual inventon Use the FIFO method. (For the inventory on list the first out layer of inventory first.) Blackbun Lawn Supply, which uses the FiFO methed, began Miy with 191 units of inventory that cost $56 each. During May, 0lackburn cernplated these inventory tranaactions. 1.) (Click the icon to viow the transactions.) Required 1. Pregare a perpetual inventory recond for the fertlicuer 2. Determine Blackbum's cost of goods sold for May. 3. Compute gross margin for May. Requirement 1. Prepare a perpetual inventory record for the lawn supply merchandise. Use the FIFO method. (For the inventory on hand columns, list the oldest layer of inventory first. For the cost of goods sold columns, list the first out layer of inventory firat. Blackbum Lawn Supply, which uses the FiFO methed, began May wath 191 units of imventory that cost 556 each. During May, Blachburn completed these inventory transections: (Click the icen to view the transactions.) Required 1. Propore a porpetual invertacy fecord for the fertilier. 2. Determine Blackbun'ts cost of goods sold lat May. 3. Conpute gross margin for May