Salem Sportwears uses the FIFO inventory method. Salem Sportwears started October with 5 helmets that cost $56 each. On October 19, Salem Sportwears bought 11 helmets at $51 each. On October 28, Salem Sportwears sold 9 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 Unit Total Cost of goods sold Unit Total Qty Cost Cost Inventory on hand Unit Total Cost Cost Date Qty Cost Cost Qty Oct 1 19 28 Total