Feb. 2 Sold 60 T-shirts at $10 each. Feb. 5 Purchased 50 T-shirts at $6 each. Feb. 7 Sold 45 T-shirts for $10 each. Feb. 8 Sold 20 T-shirts for $10 each. Feb. 10 Canyon Canoe Company realized the inventory was running low, so it placed a rush order and purchased 20 T-shirts. The premium cost for these shirts was $7 each. Feb. 12 Placed a second rush order and purchased 40 T-shirts at $7 each. Feb. 13 Sold 20 T-shirts for $10 each. Feb. 15 Purchased 50 T-shirts for $6 each. Feb. 20 In order to avoid future rush orders, purchased 150 T-shirts. Due to the volume of the order, Canyon Canoe Company was able to negotiate a cost of $5 each. Feb. 21 Sold 40 T-shirts for $10 each. Feb. 22 Sold 35 T-shirts for $10 each. Feb. 24 Sold 20 T-shirts for $10 each. Feb. 25 Sold 45 T-shirts for $10 each. Feb. 27 Sold 40 T-shirts for $10 each. 1. Assume Canyon Canoe Company began February with 94 T-shirts in inventory that cost $5 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: equirement 1. Assume Canyon Canoe Company began February with 94T-shirts in inventory that cost $5 each. Prepare the perpetual inventory records for February using the FIFO inventory costing method. to 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.)