III (Cick the icen to view the transoctions.) Read the requicments. Requirement 3. Piepare a perpetual imvertory reoord for the merchandise invenlary uning the woighted aiverage inventory essting method. Start by ontnring the beghning inventory balances Enter the transactons in chronologioal order, caiculating new inventory on hand balances after each tranaction. Once all of the transaciona have been entorod imb the perpetual record, calculate the quantity and lotal cost of merchandise inventory purchased, sold, and on hand at the end of ele perisd. hod. Data table Slee MiI began August wth 50 unils of iron inversary that cost $35 ench. During August the company complefed the followhe invertory bannactions: IIt (Cick the icon to vew she transactions.) Read the requirenensts. Raquirement 1. Prepare a perpetual invertory record for the merchandise inventory using the FiFO inventory costing method. start by ontaring the boginning inventory balances. Enler the transectons in chronological order, caloulating now inventory on hand bolances afor ench transaction. Once at of the transactions have been entered into the perpetual recond, caloulate the quanity and total east of merchandise invenilory purchased, sold, and on hand at the end of the period. (Entor the oblest inventory layers first) Requirement 2. Prepare a perpetual inventory record for the merchandse imventory using the LFO imventory ossting method. Start by entaring the begining inventory balances. Enter the transactions in chronoiogical order, calculating new inversory on hand balances after each transactian. Once ali of the tansactions theve Geos example Gore help . MacBook Air (Click the ioen to vlew the transactions.) Road the requiments: Requirement 2. Prepare a perpetual Imentory record for the merchandise inventory using the LIFO inventory costing method. Start by entering tho begining inventory balmces. Enter the transactions in chronologilal order, calculating new inventory on hand balances after each transaction. Once at of the transactions hive been entered into the perpetual recerd, caladate the quantity and total cost of merchandise inventery purchased, sold, and on hand at the end of the period. (Enter the olbest inventiony layers fint.) Requirement 3. Piepare a perpetual inventory record for the merchand se inventory using the weighted-average inventory corting method. been entered into the peroesial record. caloulate the ouantiv and total cost of merchandise imventory ourchased. sold. and on hand at the end af the period odocs example Get more help . Clear all Check