The Athlete began october merchandise inventory of72 oraes ofvitamins that costatotal of $3600 During the month, The Athletepurchased and sold menchandse on account as follows: click the icon to view the transactions.) Read the reourements Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method and determine the companyscost of goods sold, ending menchandiseinventory, and gross profit Begin by computing the oost of goods sold and cost of ending merchandse inventory using the FIFO inventory costing method Enter the transactions inchronological order oaloalating new inventory on hand balances after each transaction. Once al of the transactions have been entered into the perpetual record, caloulate the quantity and total oost of merchandise inventory purchased, sold, and on hand at the end of the period. Enter the oldest inventory layors inst)