Read the requirements. Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventor balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand i Data Table Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Oct. 1 Oct. 5 Purchase 130 crates @ $76 each 5 Oct. 13 Sale Oct. 18 Purchase 140 crates @ $96 each 150 crates @ $83 each 160 crates @ S102 each 13 Oct. 26 Sale Enter any number in the edit fields and then continue to the next question. Print Done O Type here to search O 7:03 PM 3/29/202 CLG Oct. 1 5 13 Data Table 18 26 Oct. 5 Purchase Oct. 13 Sale 130 crates @ $76 each 140 crates @ $96 each 150 crates @ $83 each 160 crates @ $102 each Oct. 18 Purchase Totals Oct. 26 Sale Enter any number in the edit fields and then continue to the next question. Print Done Type here to search O