Salem Sportwears uses the FIFO inventory method. Salem Sportwears started August with 2 helmets that cost $59 each. On August 19, Salem Sportwears bought 10 helmets at $51 each. On August 28, Salem Sportwears sold 3 helmets. Prepare a perpetual inventory record for Salem Sportwears. 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 inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) FIFO: Purchases Cost of goods sold Inventory on hand Unit Total Unit Total Unit Total Date Qty Cost Cost Qty Cost Cost Qty Cost Cost Aug 1 19 28 Total