Homework: Unit 4 Assignment 2 Save HW Score: 45.14 % , 20.31 of 45 pts 4 ef 4 3 completel Score: 5.31 at 15 pts P6-28A (aimilar to) EQuastion Hap Athledc Warld began January with merchand ise inventory of 65 crates of vtamirs that cost a total af $3,835. During the month, Athictio World purchased and sold merchand ise on account as follows (Click Uhe ioon to view the branactions.) Reed the requkements Purchases Inventory on and Unit Cost Quantity CostCost Quantity Cost Cost Cost of Goods Sold Total Unit Total Unit Total Date Quantity Cost 593,835 Jan 1 145 80$11,800 6 145 593,835 80$11,800 5 Data Table 59 3,835 804.000 50 13 Jan 5 Purchase 145 8S7600 crates 80 7600 80 aach 170 S s0 $15,300 80 4.000 crates 100 each 13 Sale 180 90$15,303 170 cratos 45 80 $ 4.000 90 4.050 268 1 Purthase 170 $ 90 cach 90 $11,250 crates S 118 0ach 175 26 Sale $25,900 $25,685 4,050 Talals 315 335 45 Determine the compeny's gross proft using the FIFO inventary ooeting methad Print Done Gross proft usira the FIFO rwantory cosing 9,965 mathod s$ Requirement 2. Prepare a perpeoual inventory record, usirg the LIFO inventory coeling method, and delermine the company's cost of goods sold, ending merchandise invertory, and groes prcfil Begin by computing the cst of guods sold and cost of encing merchandise inventory using the LIFO inveniory costing me thod. Enter the transactions in chronological order, calculating new inveriory an hand balances afler ech transaction Once al of the transactions have been enlered into the perpetual record caiculate he quaniy and totsl coet of merchandise invemory purchssed. sold, and on hand at the end of the period. (Enler the oldest inventory layers firet. Cost of Goods Sold Inventary on Hand Unit Total Cost Quantity CostCost Purchases Total Cost Quantity Cost Unit Unit Total Date Quantity Cost Jan. 1 5 13 18 Totals