Boston Beaches, Inc., carries a line of titanium cameras. Boston Beaches, Inc., uses the FIFO method and a perpetual inventory system. The sales price of each camera is $188. Company records indicate the following activity for cameras for the month of July: Date Item Quantity Unit Cost $ 95 Jul 8 20 $ 97 1 Balance 7 Purchase 11 Sale 19 Purchase 22 19 $ 101 28 Sale 14 Requirement 1. Prepare a perpetual inventory record for the cameras to determine the amount Boston Beaches, Inc., should report for ending inventory and cost of goods sold using the FIFO method. Start by entering the beginning inventory balances. 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 inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.)