Me bean Agut w t0 uts of on nwy tht 5 ath Duing Augnt the conpany compieled the lowinginvtory asacto eentevine the traadion Hathe nmen Reement1 Prepsaperplual ryd memehanden invertory te FFO ery ting mhod tby an he begnngmenily belat Eer heaationnngoaloder, oclating new iertory on him n ahar esn a o O he tsactior hee bn itd nte he pepetutreore, coulte he y nd cl ande y athased and n tand the ind e the penod er te tet yley t Peshaes Cost of Goods Solt Inveitery en Hand Unt al Total Uni Ttal Data table Quantity Cost Cont Qaity Cust Cost Quantty Cost Cost Aug U Coat Unt Baes Price Uns Au 1 Sale 45 Ag Purchase 200 > Aug 21 Sle 21 Aug 0 Pha Print Done Tutate bon Man began August with unts uf iron nventory that cost $35 each Durng August he compaty completed he owng inertory aactions M hen toe the trasactions) Read he teucements Requiement 1. Prapare a parpeta inventary reoord for the merchandse inventory using the FIFO inventory costing method Bat by eing the beginnng invertory balarces Enter the tranactns in chronoingial onder caluating new inventory on hand balances ater ach ansaon. Once al of the transactons have beon ertered into the pepeal rocort caltule he uny and o cost f merchandse inventory purhased, soid and on hand at the end of the period (Enter the ent inventory layers fest) Purchases Cost of Goods Sold Inventory on Hand Unit Totat Unt Total Unit Total Data table Quantity Cost Cost Quantity Dute Quantty Cost Cost Cost Cost Aug 1 Linit Sales Price Units Unt Cost Aug. 3 Sale 45 Aug. Purchase Aug. 21 Sale 54 05 21 Aug 30 Purchase 15 30 Print Done Tutals