Cranston Lawn Supply, which uses the FIFO method, began August with 178 units of inventory that cost $58 each. During August, Cranston completed these inventory transactions: (Click the icon to view the transactions.) Required 1. Prepare a perpetual inventory record for the fertilizer. 2. Determine Cranston's cost of goods sold for August. 3. Compute gross margin for August. Requirement 1. Prepare a perpetuar 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 first.) Fertilizer Purchases Cost of Goods Sold Inventory on Hand Date Aug. 1 QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost QTY Unit Cost Tot. Cost Aug 2 Aug 8 Enter any number in the edit fields and then continue to the next