Iron Hill began August with 75 units of iron inventory that cost $20 sach. During August, the company completed the blowing inventory transactions mick the icon to view the transactions) Read the Requirements. Prepare a perpetual record for the merchandise inventory using the FIFO inventory coing method Start by entering the beginning inventory w e nt the transactions in chronological order, calculating new try on hand bass tr the perpetual record, cute the quantity and cost of merchandise inventory purchased, sold and on and the end of the period (Entre a nsaction. One of thes destinventory layers ) e Cost of Goods Sold Cost Cost Quantity er the o lds nd then continue to ne ston Reement 2. Prepare perpetu o record for the men inventory the LIFO intrycon method by the beginning inventory balances Enter the transactions in chronological and c ulting winery and balances whereach transaction One of the the perpetual record the quantity and total cost of merchandise inventory burchases and on hand at the end of the period the destinatory layers ) Purchases Inventory Total Cent Cost of Goods Sold Units Total Quantity Cost Cost Date QuantityCost untityC ost Iron Hill began August with 75 units of iron inventory that cost $20 sach. During August, the company completed the blowing inventory transactions mick the icon to view the transactions) Read the Requirements. Prepare a perpetual record for the merchandise inventory using the FIFO inventory coing method Start by entering the beginning inventory w e nt the transactions in chronological order, calculating new try on hand bass tr the perpetual record, cute the quantity and cost of merchandise inventory purchased, sold and on and the end of the period (Entre a nsaction. One of thes destinventory layers ) e Cost of Goods Sold Cost Cost Quantity er the o lds nd then continue to ne ston Reement 2. Prepare perpetu o record for the men inventory the LIFO intrycon method by the beginning inventory balances Enter the transactions in chronological and c ulting winery and balances whereach transaction One of the the perpetual record the quantity and total cost of merchandise inventory burchases and on hand at the end of the period the destinatory layers ) Purchases Inventory Total Cent Cost of Goods Sold Units Total Quantity Cost Cost Date QuantityCost untityC ost