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Requirement $1.$ Assume Happy Camper Company began February with $70T-$shirts in inventory that cost $$3$ each. Prepare the perpetual inventory records for February using the FIFO inventory costing method.

into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. $($Enter the oldest inventory layers first.$)$

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Assume Happy Camper Company began February with $70$T$-$shirts in inventory that cost $ $3$ each. Prepare the perpetual inventory records for February using the FIFO inventory costing method.

$2.$

Provide a summary for the$$ month, in both units and$$ dollars, of the change in inventory in the following$$ format:

Number of T$-$shirts

Dollar Amount

Beginning Balance

Add: Purchases

Less: Cost of Goods Sold

Ending Balance