10A. Peaceful Books has the following transactions in August related to merchandise inventory. (Click the icon to view the transactions.) Read the requirements 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 Peaceful Books uses the periodic inventory system (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Beginning Merchandise Inventory Plus: Net Cost of Inventory Purchased Cost of Goods Available for Sale Less: Ending Merchandise Inventory Cost of goods sold a. FIFO b. LIFO C. Weighted-Average 4 More info X I Aug. 1 Aug. 3 Beginning merchandise inventory, 12 books @ $12 each Sold 6 books @ $23 each Aug. 12 Purchased 11 books @ $15 each Aug. 15 Sold 7 books @ $23 each Aug. 20 Purchased 2 books @ $19 each Aug. 28 Sold 8 books @ $30 each R Print Done Requirements a. Determine the cost of goods sold and ending merchandise inventory using the FIFO inventory costing method assuming Peaceful Books uses the periodic inventory system. b. Determine the cost of goods sold and ending merchandise inventory using the LIFO inventory costing method assuming Peaceful 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 Peaceful Books uses the periodic inventory system. Print Done X