5. Resourceful Books has the following transactions in August related to merchandise inventory. (Click the icon to view the transactions.) Read the 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 August 3: 5 books costing $21 each August 15: August 28: 10 books costing $21 each and 5 books costing $23 each 6 books costing $23 each and 2 books costing $26 each Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new in hand at the end of the period. (Enter the oldest inventory layers first.) More info Requirements Purchases Unit Cost of Goods Sold Total Unit Total Inventory on Hand Unit Aug. 1 Beginning merchandise inventory, 17 books @ $21 each Aug. 3 Sold 5 books @ $25 each Date Aug. 1 Quantity Cost Cost Quantity Cost Cost Quantity Cost Aug. 12 Purchased 12 books @ $23 each 17 21 Aug. 15 Sold 15 books @ $25 each 3 Aug. 20 Purchased 3 books @ $26 each 12 Aug. 28 Sold 8 books @ $29 each Totals 15 20 28 Print Done 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: 5 books costing $21 each August 15: 10 books costing $21 each and 5 books costing $23 each August 28: 6 books costing $23 each and 2 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. Print Done -