OZU company, a seller of books, uses the FIFO method for valuing inventories. It began May with 52 units of an inventory item that cost $170 each During May, the store completed these inventory radim (Click the icon to view the transactions.) Required 1. Prepare a perpetual Inventory record for this item 2. Determine the store's cost of goods sold for May 3. Compule grens margin for May More info Requirement 1. Prepare a perpetual Inventory recording the FIFO method (Enter the oldest inventory layer first Leather Product Uno Un Sale Price Purchases May Sale Cost of Goods Sold Inventory on Hand 98 8Purchase 5132 QTY Unit Cost Tot Cost OTY Unit Cost Tot Cost OTY Un Cost Tot Cost 21 Sale 75 30 Purchase 13 $150 May May Print Done De May B May 21 Enter ny number in the editels and then continue to the next Guest