More info the the que Jun. 3 Sold 36 units for $140 each. Jun. 16 Purchased 50 units at $63 each. Requirement 1. Prepare a perpetual inventory record for Dive Watch using the FIFO, LIFO, and weighted-average inventory cosling methods. Begin by preparing a perpetual inventory record using FIFO. Start by entering the beginning inventory balances, Enter the transactions in chronological order, calculating begin by prepances atter each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory at the end of the period. (Enter the oldest imventory layers first.) ge inventory More info Enter the tran te the quantity Dive Watch specializes in designer watches and leather goods. Dive Watch uses the perpotuat invertory system. Assume Dive Watch began June halding 66 wristwatches that cost $55 each. During June, Dive Watch bought and sold inventory as follows: Click the icon lo view the transactions.) Read the requirements Requirement 1. Prepare a perpetual inventory record for Dive Walch using the FIFO, LiFO, and weighted-average inventory costing methods Begin by preparing a perpetual inventory record using FIFO. Slart by entering the begining inventory balances. Enter the transactions in chronological order, calculating new imentory an hand balances after each transaction. Once all of the transections have been entered into the porpotual rocord, calculate the quantify and total cost of merchandise inventory purchased, sold, and on hand of the end of the period. (Enter the oldest inventory layers fint.)