Homework: Chapter 6 Homework Score: 0 of 10 pts 6 of 10 (8 complete) HW Score: 80%, 80 Question H P6-28A (similar to) Fit Universe began July with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit Universe purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. egin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand lances 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 er e period. (Enter the oldest inventory layers first) Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Quantity Cost Cost Quantity Cost Cost Jul 1 Purchases Cost 5 rany number in the edit fields and then click Check Answer arts Homework: Chapter 6 Homework Score: 0 of 10 pts 6 of 10 (8 complete) HW Score: 80%, E P6-28A (similar to) Questio Fit Universe began July with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit Universe purchased and sold merchandise on account as follows: E (Click the icon to view the transactions.) Read the requirements. 5 13 18 26 Totals s that cost a total of $4,290. During the month, Fit Universe purchased and Jld, endir - X Data Table ctions in merchar Jul. 5 Purchase 156 crates @ $ 64 each 13 Sale 180 crates @ $ 110 each 18 Purchase 114 crates @ $ 75 each 26 Sale 150 crates @ $ 114 each Done Print Done Clear All O BI PCT