5. Dream Books has the following transactions in August related to merchandise inventory 28 5$ 28 $ 140 1 $ 22 $ 22 - X 1 $ 28 $ 28 More Info 16 $ 388 $ 25 558 Totals $ 150 7 b. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the FIFO iny I record, calculate the Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory Aug. 1 Aug. 3 Aug. 12 Aug. 15 Beginning merchandise inventory, 16 books @ $20 each Sold 6 books @ $24 each Purchased 10 books @ $22 each Sold 12 books @ $24 each Purchased 6 books @ $28 each Sold 7 books @ $27 each Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Aug. 20 Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 28 Aug. 1 3 12|| Print Done 15 201 28 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. Totals