Exercise World began May with merchandise Inventory of 95 crates of vitamine that coet a total of $3,800. During the month, Exercise World purchased and sold merchandise on account as follows: Click the icon to view the transactions.) Read the reguirements Requirement 1. Prepare a perpetual inventary record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Bagin by computing the cost of goods sold and si ofending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological arrar 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.) Purchase Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Cost Total Cost Date Quantity Quantity Cost Cost Quantity Cost 40 i Data Table $ 3.800 May 5 Purchase 13 Sale 18 Purchase 26 Sale 1 55 cales@ 180 crates 193 crates 200 crites @ $ $ $ $ 71 each 104 each 75 each 108 each Print Done