RK Toys store bought and sold a line of dolls during December as follows Click the icon to view invertory Wormation) RK Toys uses the perpetual inventory system Requirements Requirement 1. Calculate the cost of ending inventory under FIFO. Determine the cost of ending inventory under FIFO by completing a perpetual inventory record. Start by entering the beginning inventory balances Enter the transactions in chronological order, calculating new inventory on hand balances ar each transaction Once all of the transactions have been entered into the perpetual record, calculate the quality and total cost of inventory purchased, old, and on hand at the end of the period. (the story layers frut) DOLLS Inventory Information Purchases OTY Unit Cost Tol Cost Cost od Sles OTY Unit Cost Tot Cost Inventory on Hand QTY Unit Cost Tol Cost 14 units@ $11 Date Beginning Sale Beginning inventory Sale Purchase Sale 16 units @ $14 14 units Print Done fields and then click Check