Decorative Steel began August with 55 units of iron inventory that cost $35 each. During August, the company completed the following inventory transactions (Click the icon to view the transactions.) Read the requirements. www 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 balances after each transaction. Once all of the transactions have been entered 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). Purchases Unit Cost of Goods Sold Total Units Total Inventory on Hand Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 1 3 8 21 Question 10, PF6-29A (similar to) Part 2 of 8 > HW Score: 74.689 Points: 1.89 c Steel began August with 55 units of iron inventory that cost $35 each. During August, the company completed the fam the icon to view the transactions.) requiremen Data table - X Total Units Unit Cost Unit Sales Price Quantit Cost Aug. 3 Sale 45 Aug. 8 Purchase Aug. 21 Sale 70 CO Aug. 30 Purchase 10 4529 $ 83 75 52 55 85 55 21 30 Print Done apter 6 Question 10, PF6-29A (similar to) Part 2 of 8 HW Score: 74.68%, 14.94 of 20 points Points: 1.89 of 6 Decorative Steel began August with 55 units of iron inventory that cost $35 each. During August, the company completed the following inventory transactions (Click the icon to view the transactions.) Read the requirements. Purchases Cost of Goods Sold Unit Total Units Total Inventory on Hand Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 1 3 8 21 Totals 30