2. 10A. Heavenly Books has the following transactions in August related to merchandise inventory. 1(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 Heavenly Books uses the periodic inventory system. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar.) (1) Plus: (2) (3) a. b. C. FIFO LIFO Weighted-Average Less: (4) Cost of goods sold 1: More Info Beginning merchandise inventory, 11 books @ $13 each Purchased 10 books @ $16 each Aug. 1 Aug. 3 Sold 4 books @ $17 each Aug. 12 Aug. 15 Sold 10 books @ $17 each Aug. 20 Purchased 3 books @ $19 each Aug. 28 Sold 4 books @ $23 each 2: Requirements 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. 0000 Beginning merchandise inventory Cost of goods available for sale Ending merchandise inventory Sales revenue O Cost of goods available for sale Ending merchandise inventory Net cost of purchases Sales revenue 0000 (3) 0000 Beginning merchandise inventory Cost of goods available for sale Ending merchandise inventory Sales revenue 0000 Beginning merchandise inventory Cost of goods available for sale Ending merchandise inventory Sales revenue