Question Help (similar to) At Word Degan October with merchandise inventory of scrates of mine that conta o of 53,836. During the month or World purchased and sold merchandise on sunt as fotos (Cick the foon to view the transactions) Read the remet Out Cont Requirement 1. Prepare a perpetual Inventory record, using the FIFO inventory conting med and determine the company's cost of goods sold, ending mechandisinventory, and grous profit llegin by computing the cost of goods sold and cost of ending merchandise inventory in the FIFO inventory costing method. Enter the transactions in chronological calculating new invertory on hand balance to eachtraction Once will of the transactions have been entered into the perpetual record late the quantity and total cost of merchandise inventory Burch sold, and on and the end of the period. ( Eredivory last) Purchases Cont of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Data Tube Quantity Cost Cost Quantity Cow Quantity Cout Cost Oct. 1 Out Purchase 145ch Oct 13 Sale 100 each 12 Oct 18 Purchase 170500 each Oct 26 Sale 175 5114 16 Pii Done Totals anterary aber in the oddelds and anic Check