read the requirements. Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of good Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the tr transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, ar Date Jan. 1 5 Quantity 13 18 26 Totals Purchases Unit Cost Total Cost Cost of Goods Sold Unit Cost Quantity Total Cost Inventory on Hand Unit Cost Quantity *** Total Cost 4 Transactions Jan. 5 Jan. 13 Jan. 18 Jan. 26 Purchase Sale Purchase Sale Print 130 crates @ $76 each 140 crates @ $98 each 170 crates @ $86 each 180 crates @ $102 each Done O X ter each transaction. Once all of the

Transactions Transactions