10A. Wise Books has the following transactions in August related to merchandise inventory. i (Click the icon to view the transactions.) a. b. c. Determine the cost of goods sold and ending merchandise inventory using the FIFO inventory costing method assuming Wise Books uses the periodic inventory system. Determine the cost of goods sold and ending merchandise inventory using the LIFO inventory costing method assuming Wise Books uses the periodic inventory system. Determine the cost of goods sold and ending merchandise inventory using the weighted average inventory costing method assuming Wise 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 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.) FIFO 288 309 Beginning merchandise inventory Plus: Net cost of purchases Cost of goods available for sale Less: Ending merchandise inventory Cost of goods sold 0 More Info Aug. 1Beginning merchandise inventory, 12 books @ $24 each 3 Sold 8 books @ $21 each 12 Purchased 10 books @ $25 each 15 Sold 7 books @ $21 each 20 Purchased 2 books @ $29 each 28 Sold 3 books @ $22 each Print Done