Taylor Imports is a furniture distribulor that uses the FIFO cost method with its perpetual inventory system. The following information is for the first tem that it is selling - bean bay chairs - for the month of November. The store engaged in the following business transactions: (Click the icon to view the transactions.) Required 1. Prepare a perpetual irventory record, at FIFO cost, for the beun bag chair inventory. 2. Make journal entries to record the company's transactions. ereaged in the folowing business transastone: (Click the icen to view the Irantactiens.) Required 2. Make ioumal enbres to reoord the compary's tancactions Ending Aecord the joumal entry for the first walk Noventer is. 106 ohan as 513 Recond be second purchase: November 22. 192 thais af P6. Record be joutha enty for the becon wae. Novemeer 24.72 chan at 5158 Aecord the cost of goods solt asbociuled wth the becond sale. Transactions