Bright Lighting, an LED bulb superstore, uses the FIFO method for valuing inventories. It began March with 68 units of an inventory item that cost 5178 each During March, the store completed these inventary transicians (Click the icon to view the transactions.) Required 1. Prepare a perpetual inventory record for this item 2. Determine the store's cost of goods sold for March 3. Compute gross margin tor March Requirement 1. Prepare a perpetual inventory record using the FIFO method (Enter the oldest inventory layer first.) Smart Light Bulb Purchases QTY Unit Cost Tot Cost Cost of Goods Sold QTY Unit Cost Tot. Cost Inventory on Hand QTY Unit Cost Tot Cost Date Mar 1 Mar 3 Mar 8 Mar 21 Enter any number in the edit fields and then continue to the next question he F * Transactions Cost Un Unit Cost Unit Sale Price $290 Mar. 3 Sale 8 Purchase. 21 Sale 30 Purchase Units 36 82 68 18 $178 $300 S186 Print Done e next