please answers these questions below i i have 4 questions on Homework Problem this example for itand i have homework like 37 part and for both are unlimited so i can get 100% until submit it i put example for them Garret’s CornerGarret’s Corner,Inc., carries a line of titanium watcheswatches. Garret’s CornerGarret’s Corner, Inc., uses the FIFO method and a perpetual inventory system. The sales price of each watchwatch is $ 185$185. Company records indicate the following activity for watcheswatches for the month of JulyJuly:LOADING…(Click the icon to view the records.) Read the requirementsLOADING….Requirement 1. Prepare a perpetual inventory record for the watcheswatches to determine the amount Garret’s CornerGarret’s Corner, Inc., should report for ending inventory and cost of goods sold using the FIFO method.Start by entering the beginning inventory balances. 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 inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.)FIFO: PurchasesCost of goods soldInventory on hand UnitTotal UnitTotal UnitTotalDateQtyCostCostQtyCostCostQtyCostCostJul1
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