10A. Wise Books has the following transactions in August related to merchandise inventory (Click the icon to view the transactions) Read the requirements KLED 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) winghted-average in costing method assuming Wise 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 FIFO More info b. LIFO Weighted-Average Beginning Merchandise Inventory Less Ending Merchandise Inventory Cost of goods sold Aug. 1 Beginning merchandise inventory, 15 books @ $23 each Aug. 3 Sold 2 books $24 each Aug. 12 Purchased 13 books @$27 each Aug. 15 Sold 14 books @ $24 each Aug. 20 Purchased 7 books $30 each Aug. 28 Sold 9 books @$26 each ext pages Calculator Time Remaining: 02 19.05 Nex a., b., and c. Determine the cost of goods sold and ending merchandise inventory using the (a) FIFO inventory costing methoc costing method assuming Wise Books uses the periodic inventory system (Round weighted average cost per unit to the neare C. Beginning Merchandise Inventory Plus Net Cost of Inventory Purchased Beginning Merchandise Inventory Less: Ending Merchandise Inventory Cost of goods sold a. b. FIFO LIFO 345 Weighted-Average