Jameson's Sports Shop carries a line of waterproof watches. Jameson's Sports Shop uses the FIFO method and a perpetual inventory system. The sales price of each watch is dollar 166. Company records indicate the following activity for waterproof watches for the month of January: Requirement 1. Prepare an inventory subsidiary ledger for the waterproof watches to determine the amount Jameson's Sports Shop should report for ending inventory and cost of goods sold using the FlFO method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the inventory subsidiary ledger, calculate the quantity and total cost of inventory purchased. Sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) FIFO: Date Jan 1 Purchases Qty Cost Total Cost Qty Unit Cost Total Cost Inventory on hand Qty Unit Cost Total Cost Prepare an inventory subsidiary ledger for the waterproof watches to determine the amount Jameson's Sports Shop should report for ending inventory and cost of goods sold using the FIFO method. Journalize Jameson's Caddy Shop's inventory transactions using the FIFO method. Assume that all purchases and sales are on account