5. Dream Books has the following tansactions in August rolated to menchandise inventory (i) (Cick the icon to view the transactions) Read the tegirements. a. Determine the cost of goods sold and ensing merchandse inventory by preparing a perpetual inventory record using the specific identification method Assume the following coithy informalian 5 the books sold during the month. \begin{tabular}{ll} August 3. & 4 books costing $15 each \\ August 15: & 4 books costing $15 each and 0 books costing $21 each \\ Aupust 28 & 2 books costing $21 each and 5 books costing $26 each \end{tabular} Start by entering the beginning investory balances Enter the framactions in chronological order, calculating now inventory on hand balances after each transaction. Once al of the fransactions have b. Aetermine the cost of goods sold and ending meichandise invertory by preparing a perpotual inventery tecovd using the Fifo inventery coesing methed c. Detertine the cost of goods sold and ending merchandise inwontory by preparing a perpetual inventory record using the LiFo inventory costing method Sart by onteing the begining inventory balances. Enter the transactioes in chronobopkat arder, calculating new inwetory on hand balarices after each sansaction Once all of the transactions have Inequest cert and lotal coss to the nearast dolar? Requirements a. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assume the following costing information for the books sold during the month: August 3: 4 books costing $15 each August 15: 4 books costing $15 each and 8 books costing $21 each August 28: 2 books costing $21 each and 5 books costing $26 each b. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the FIFO inventory costing method. c. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method. d. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weighted-average inventory costing method. Round weighted average unit cost to the nearest cent and total cost to the nearest dollar. More info