5. Heavenly Books has the following transactions in August related to merchandise inventory. (Click the icon to view the transactions.) Read the requirements. Requirements More info 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 $16 each August 15: 6 books costing $16 each and 5 books costing $18 each August 28: 2 books costing $18 each and 2 books costing $25 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. Aug. 1 Beginning merchandise inventory, 12 books @ $16 each Sold 4 books @ $20 each Aug. 3 Aug. 12 Purchased 8 books @ $18 each Aug. 15 Sold 11 books @ $20 each Aug. 20 Purchased 3 books @ $25 each Sold 4 books @ $27 each Aug. 28 Print Done Print Done