please solve requirement 1. thank you!

Requirement 1. Corrpute cost of goods sold and gross proff using the FIFO inventory costing method Bogin by computing the cost of goods wold and cost of ending merchandese inventory using the FFO inventory costing method. Enter the transactions in chronological codec, caiculating new inventory on hand balances afler each transaction, Once all of the transectons have been entered irsto the perpelual record. calculate the quantity and lotal colt of merchandise inventory purchased. bold, and on hand at the end of the period. (Enter the olidest inventory layers frst) Compule gress pect using the Fifo inventery cosing method. Geoss proftits wsing the Fif O inventary coating method: More info