The company has three inventory items: desk lamps, table lamps, and floor lamps. DLC uses a perpetual inventory system, FIFO method. DLC owns land with a building, which is separated into two parts: office space and warehouse space. All expenses associated with the office are categorized as Administrative Expenses. All expenses associated with the warehouse, which is used for the shipping and receiving functions of the company, are categorized as Selling Expenses. In addition to the land and building, DLC also owns office furniture and equipment and warehouse fixtures. The company uses one accumulated depreciation account for all the depreciable assets. ***** Data Table Item Desk Lamp Table Lamp Floor Lamp Quantity Unit Cost Total Cost 1,500 $ 9 $ 13,500 2,500 $ 22 55,000 2,200 $ 27 59,400 127,900 $ Total Oct. 1 Oct. 12 Oct. 15 Oct. 20 Oct. 23 Oct. 28 Purchased lamps on account from Rocky Lights, terms n/30, FOB destination: 4,000 desk lamps at $11 each 7,000 table lamps at $24 each 4,000 floor lamps at $20 each Sold lamps on account to Prime Home Furnishings, terms 1/10, n/30: 5,500 table lamps at $42 each Sold lamps on account to Valdosta Office Supply, terms 2/10, n/30: 600 desk lamps at $17 each Received a check from Prime Home Furnishings for full amount owed on Oct. 12 sale. Received a check from Valdosta Office Supply for full amount owed on Oct. 15 sale. Sold lamps on account to Skyway Home Stores, terms 3/10, n/30: 1,500 table lamps at $42 each 1,200 floor lamps at $68 each Paid amount due to Rocky Lights from Oct. 1 purchase. Paid salaries, $38,000 (65% selling, 35% administrative). Paid utilities, $2,900 (70% selling, 30% administrative). Sold lamps on account to Valdosta Office Supply, terms 2/10, n/30: 2,900 desk lamps at $17 each Purchased lamps on account from Rocky Lights, terms n/30, FOB destination: 4,000 desk lamps at $12 each 9,500 table lamps at $26 each 8,000 floor lamps at $22 each Received a check from Skyway Home Stores for full amount owed on Oct. 28 sale. Received a check from Valdosta Office Supply for full amount owed on Nov. 1 sale. Purchased and paid for supplies: $420 for the office; $740 for the warehouse. Oct. 30 Oct. 31 Oct. 31 Nov. 1 Nov. 5 Nov.5 Nov. 8 Nov. 10 Nov. 15 Nov. 18 Nov. 28 Nov. 30 Nov. 30 Dec. 5 Dec. 15 Dec. 15 Dec. 27 Sold lamps on account to Morgan Office Supply, n/30: 1,600 desk lamps at $17 each Sold lamps on account to Market Discount Stores, terms 1/10, n/30: 2,300 table lamps at $42 each 1,600 floor lamps at $68 each Received a check from Market Discount Stores for full amount owed on Nov. 18 sale. Paid salaries, $38,000 (65% selling, 35% administrative). Paid utilities, $2,610 (70% selling, 30% administrative). Paid amount due to Rocky Lights from Nov. 5 purchase. Received a check from Morgan Office Supply for full amount owed on Nov. 15 sale. Daggs withdrew $25,000 from the business. Sold lamps on account to Prime Home Furnishings, terms 1/10, n/30: 1,900 desk lamps at $17 each 4,700 table lamps at $42 each Paid salaries, $38,000 (65% selling, 35% administrative). Paid utilities, $2,900 (70% selling, 30% administrative). Dec. 31 Dec. 31 Next, prepare complete the inventory record for floor lamps. 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. Remember, for the year ended December 31, 2024, a physical inventory account resulted in the following counts: desk lamps, 2,492; table lamps, 4,991; and floor lamps, 11,400. (Enter the oldest inventory layers first.) Floor lamps: Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Sep. 30 Oct. 1 28 Nov. 5 18 Totals