Hi, Can you please explain to me what the numbers are for the blank spots and HOW you are getting each number? I cant figure out the calculations. I really appreciate your help.

Steel Mill began August with 60 units of iron inventory that cost $25 each. During August, the company completed the following inventory transactions: (Click the icon to view the transactions.) Read the requirements. i Data Table Units Unit Cost Unit Sales Price Requirement 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory coating method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transac 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 Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 60 $ 25$ 1,500 3 $ 25 8 65 S 41 S 2,685 $ 25 S 41 21 Requirements 45 $ 72 Aug. 1 Aug. 3 Sale & Purchase 21 Sale 65 41 55 86 30 Purchase 20 56 301 20 S 56S 1,120 20 $ 58 $ 1,120 Totals 85 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method. 2. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method. 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted-average inventory costing method. 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted average Inventory costing methods. 5. Compute gross profit for August using FIFO, LIFO, and weighted-average inventory costing methods. 6. If the business wanted to maximize gross profit, which method would it nelert? Enter any number in the edit fields and then click Check Answer. 7 parts remaining Clear eck