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 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 Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Cost of Goods Sold i Requirements Purchases Unit Cost Unit Total Total Cost Inventory on Hand Unit Total Quantity | Cost Cost Quantity Quantity Cost Cost Date Aug. 1 0 More Info a. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification methc Assume the following costing information for the books sold during the mont 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 inventor 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 3 Sold 4 books @ $20 each 12 Purchased 8 books @ $18 each 15 Sold 11 books @ $20 each 20 Purchased 3 books @ $25 each 28 Sold 4 books @ $22 each Print Done Totals Print Done