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Jasmine Walling 1 10/23/18 722 P ACC 121- Financial Accounting Fall 2018 Homework: Chapter 6 Score: 0 of 5 pts P6-28A (similar to) MN Score: 70.16%, 17.54 of 25 Question Help vitamins that coet a total of $4,560. During the month, Fit Planet purchased and sold merchandise on account as follows: Fit Planet began May with merchandise inventory of 76 orates of EB(Cick the ioon to view the transactions) Read the equiremens method, and decermine the company's cost of goods soid, ending merchandise inventory, and gross proft Requirement 1. Prepare a perpetual Inventory reoord, using the FIFO inventory costing Degin by computing the cost of goods sold and cost of ending merchandise inventory using the FiIFO inventory coting method. Enter the transactions in chronological order, calcueaing new inventory on hand belances after each transaction reoond, caloulabe the quantity and total cost of merohandise inventory purchased, sold, and on hand at the end of the period. (Enter the oidest Inventiory layers irst.) Once all of the transactions have been enteed into the perpeual Cost of Goode Sols UnitTotal Unit Total Cost Cost Quantity Cost Cost Quantity Cost Unit Total Data Table Date Quantity May 1 87 121 May 5 Purchase 140 crates$ 87 each 60 crates 104 each 8 Purchase154 es$ 91 eac 200 crates110 each 26 Sale 114014 Print Done Tolals Enter any number in the edt fields and then dlick Check Anewer Check Answer Clear All maining