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10A. Dream Books has the following transactions in August related to merchandise inventory (Click the icon to view the transactions.) a. Determine the cost of

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10A. Dream Books has the following transactions in August related to merchandise inventory (Click the icon to view the transactions.) a. Determine the cost of goods sold and ending merchandise inventory using the FIFO inventory costing method assuming Dream Books uses the periodic inventory system. b. Determine the cost of goods sold and ending merchandise inventory using the LIFO inventory costing method assuming Dream Books uses the periodic inventory system c. Determine the cost of goods sold and ending merchandise inventory using the weighted average inventory costing method assuming Dream Books uses the periodic inventory system. a., b., and c. Determine the cost of goods sold and ending merchandise inventory using the (a) FIFO inventory costing method, (b) LIFO inventory costing method, and (c) weighted average inventory costing method assuming Dream Books uses the periodic inventory system. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar.) FIFO LIFO Weighted Average Choose from any list or enter any number in the input fields and then continue to the next question, IFO Weighted Average Plus: Less: Cost of goods sold Choose from any list or enter any number in the input fields and then continue to the next question. More Info Aug. 1 Beginning merchandise inventory, 16 books @ $12 each 3 Sold 2 books @ $19 each 12 Purchased 15 books @ $14 each 15 Sold 15 books @ $19 each 20 Purchased 2 books @ $18 each 28 Sold 10 books @ $26 each Print Done

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