PF6-34B (similar to) Decorative Steel began August with 70 units of iron inventory that cost $25 each Ouring August the company completed the following inventory trcacions Click the icon to view the ansaction) Read the requirements Requirement 1. Prepare a perpetual inventory record for the merchandise inventorying the FIFO Inventory costing method Start by entering the beginning inventory balances Enter the transactions in chronological order, kulating new inventory on hand balance after each transaction. Once of the ansactions have been entre hand at the end of the period (Enter the oldest inventory layers frut) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Data Table Date Cost Cost Quantity Cost Cost Quantity Cost Cost Aug 1 3 Units Unit Cost Unit Sales Price 8 Sale 60 >> 5 14 Aug. 6 Purchase 80 5 43 21 Sale 70 A. 10 Purchase 20 49 30 Aug. 1 Aug. 21 Print Done Totals Enter any number in the editields and then click Check