CG 2021-1955 Murphy-10 Week (575) omework: Homework CH6 4 of 8 (4 com core: 4.62 of 15 pts Question 4, P6-29A (similar to) Luxury Iron Company began August with 45 units of iron inventory that cost $24 each. During August, the company complete (Click the icon to view the transactions.) Read the requirements Totals 95 100 40 Requirement 2. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enterth Cost of Goods Sold Inventory on Hand Purchases Unit Unit Total Units Total Total Cost Cost Cost Cost Quantity Cost Quantity Quantity Date Cost Aug. 1 3 8 21 30 Totals Enter any number in the edit fields and then click Check Answer Clear A 6 parts remaining III Following inventory transactions: nd balances after each transaction. Once all of the transactions have been entered into the perp Oldest inventory layers first.) 0 Data Table Units Unit Cost Unit Sales Price S 63 35 Aug. 3 Sale 70 B Purchase S 32 65 77 21 Sale 30 Purchase 25 47 Print Done Check Answe Clear All ACG 2021-1955 Murphy-10 Week (575) Homework: Homework CH6 4 of 8 (4 complete) Score: 4.62 of 15 pts Question 4, P6-29A (similar to) Luxury Iron Company began August with 45 units of iron inventory that cost $24 each. During August, the company completed the followin (Click the icon to view the transactions.) 100 Read the requirements. Totais 95 40 Requirement 2. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balance calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inver Purchases Cost of Goods Sold Inventory on Hand Unit Total Units Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 21 30 Totals Enter any number in the edit fields and then click Check Answer Clear A 6 remaining esc 20 Fa F5