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 August 15: August 28 6 books costing $20 each 5 books costing $20 each and 7 books costing $22 each 2 books costing $22 each and 5 books costing $28 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) Purchases Cost of Goods Sola Inventory on manu Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug 1 3 12 15 20 20 28 Totale 0 w b. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the FIFO inventory costing method 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) SUIU, and ofta att of the period (Chten the Oldest inventory layers) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aug. 1 3 A 12 15 20 201 28 Totals Time Remaining: 01:07 c. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method 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.) OUI, BIN MIC or (ivoury layera ma Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Aug 1 Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 3 T 12 15 20 20 28 Totals d. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weighted average inventory costing method 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. (Round weighted average unit cost to the nearest cent and total cost to the nearest dollar) Purchases Unit Cost of Goods Sold Inventory on Hand Total Unit Total Unit Total Date Aug 1 Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 3 12 15 20 28 Totals More info eter me Au Aug. 1 Au Aug. 3 Au Aug. 12 Beginning merchandise inventory, 16 books @ $20 each Sold 6 books @ $24 each Purchased 10 books @ $22 each by sacti Aug. 15 Sold 12 books @ $24 each and Aug. 20 Purchased 6 books @ $28 each Aug. 28 Sold 7 books @ $30 each Date Aug Print Done -X record using g new invent and total co n Hand Total Cost