Requirement 2. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand 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 at the end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Units Total Unit Total Data table Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 1 Units Unit Cost Unit Sales Price 3 Jan. 3 Sale 45 S 83 8 Jan. 8 Purchase 75 $ 52 Jan. 21 Sale 70 85 21 Jan. 30 Purchase 10 55 30 Print Done Totals Requirement 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted average inventory costing method. Requirement 2. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand 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 at the end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Units Total Unit Total Data table Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 1 Units Unit Cost Unit Sales Price 3 Jan. 3 Sale 45 S 83 8 Jan. 8 Purchase 75 $ 52 Jan. 21 Sale 70 85 21 Jan. 30 Purchase 10 55 30 Print Done Totals Requirement 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted average inventory costing method