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10A. Heavenly Books has the following transactions in August related to merchandise inventory (Click the icon to view the transactions.) Read the requirements - X

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10A. Heavenly Books has the following transactions in August related to merchandise inventory (Click the icon to view the transactions.) Read the requirements - X - X More info a., b. uses ryo Requirements suring Heavenly Books Aug. 1 Aug. 3 Aug. 12 Beginning merchandise inventory, 15 books @ $17 each Sold 5 books @ S16 each Purchased 14 books @ $19 each Sold 13 books @ $16 each Purchased 2 books @ 522 each Sold 7 books 518 each Plus a. Determine the cost of goods sold and ending merchandise inventory using the FIFO inventory costing method assuming Heavenly Books uses the periodic inventory system. b. Determine the cost of goods sold and ending merchandise inventory using the LIFO inventory costing method assuming Heavenly 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 Heavenly Books uses the periodic inventory system. Aug. 15 Aug. 20 Aug. 28 Loss Cos Print Done Print Done

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