Requirement 1. Compute cost of goods and o n the Begin by computing the cost of goods and cost landing merchandise Once all of the transactions have been read the record intrycosting method o n the F inanc e and ing method whe n merchandiservatory purchased in charge ting new invertory on hand balances where charaction and on hand at the end of the period. Enter the oldest inventory layers first) Coat of Inventory on Hand Unit Total Coat Unit Coat Bold Total Cost Quantity a ntly Cost PUHVELY UUSUMy menu. inventa se inventorining the FIE cald * More Info Sold had Enter the transactions in chronological order the May 1 Beginning merchandise inventory 11 Purchase 23 Sale 26 Purchase 29 Sale 16 tires @ $ 10 tires @ $ 12 tires @ $ 14 tires @ $ 18 tires @ $ 65 each 78 each 88 each 80 each 88 each Print Done