sad the requirements. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identificatior August 3: 4 books costing $16 each August 15: 6 books costing S16 each and 5 books costing $18 each August 28 2 books costing $18 each and 2 books costing $25 each Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layu Purchases Cost of Goods Sold Inventory on Hand Unit Unit Quantity Quantity Cost Quantity Aug. 1 Unit Total Total Total Date Cost Cost Cost Cost Cost 3 12 15 20 Enter any number in the edit fields and then click Check Answer 3 Parts remaining Clear All