Ornamental Iron Works began August with $50$ units of iron inventory that cost $$35$ each. During August, the company completed the following inventory transactions

$($Click the icon to view the transactions$)$

Read the requirements

Requirement $1.$ Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period $($Enter the oldest inventory layers first$)$

Data table

$\backslash$table$[[,,$Units,Unit Cost,Unit Sales Price,$],[$Aug$.3,$Sale,$45,,$$$,85],[$Aug$.8,$Purchase,$90,$$$,54,],[$Aug$.21,$Sale,$85,,,],[$Aug$.30,$Purchase,$15,58,88,]]$