5. Serenity Books has the folowing transactions in August related to merchandise inventory (Click the ioon to view the transactions) Read the feguirements. a. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetial inventory fecord using the specife idenbificken method. Assums the following costing irformation for the books sold during the month. Auguat3:August15:August28:3bookscoting$15each4bookscoting$15eachand5bookscosting518each2bookscosting518eachand3bookscosting520each been enternd into the perpetual recond, calcylate the quantly and fotal cont of merchandise kventory purchased, soll, and on hand at the end of the period. IEnser the oldest inventory Iryers tist) More info 5. Serenity Books has the following transactions in August related to merchandise inventoly. i.) (Click the icon to view the transactions.) Read the requirements. b. Determine the cost of goods sold and ending merchandise invenlory by preparing a perpetual inventory record using the FIFO inventory costing mathod. 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 hav c. Dotermine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory recond using the Lifo inventory costing method. Start by entering the beginning inventory bolances. Enter the transactions in chronological eeder, calculating new inventory on hand balances after each tarsaction. Once al of the transactons have been entored into the perpetual rocoed, caiculate the cuantity and total cost of morchandise inventory purchased, sold, and on hand at the end of the period (Enter the oldest inventoy iayers fint) d. Delermine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weighted average inventory costing tnethod. Start by eritering tha beginning inventory balances. Enter the transactions in chronological ordes, calculaing new inventory on hand balances afler each transaction, Once all of the transactions have been entered into the perpetual record, calculate the quantly and total cost of merchandise imventory purchased, sold, and on hand at the end of the period : R Round weighted average unt cost to the