The Athlete began July with merchandise inventory of $70$ crates of vitamins that cost a total of $$4,550.$ 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.

Data table

$\backslash$table$[[$Jul$.5,$Purchase,$130$ crates @ $$76$ each$],[$Jul$.13,$Sale,$140$ crates @ $$104$ each$],[$Jul$.18,$Purchase,$150$ crates @ $$83$ each$],[$Jul$.26,$Sale,$160$ crates @ $$112$ each$]]$