The Athlete began January with merchandise inventory of 95 crates of vitamins that cost a total of $3,800. During the month, The Athlete purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements Requirement 1, Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. 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 merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 76 Jan, 1 150 64 9,904 156 76) 13 102 33 4290 283 70 54 8833 4,290 55 4,290 64 9,904 64 3,456 64 6.526 18 114 75 8.550 54 114 54 26 8 32 64) 3,400 18 322 BEE 3,456 1.550 1,350 75 7,200 18.534 21.474 270 330 9 16 1.350 Totals Determine the company's gross profit using the FIFO inventory costing method Gres prof 12.400 using the FFO inventory costing method. and ones prot