A Requirements X 1. A Data Table Jul. 5 Purchase Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Prepare a perpetual inventory record, using the weighted average inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar.) If the business wanted to pay the least amount of income taxes possible, which method would it choose? 13 Sale 145 crates @ 160 crates @ 170 crates @ 175 crates @ $ $ $ $ 80 each 108 each 90 each 116 each 18 Purchase 26 Sale Print Done Print Print Done Done Atlas Cikean they Atlas Gym began July with merchandise inventory of 65 crates of vitamins that cost a total of $3,835. During the month, Atlas Gym purchased and sold merchandise on account as follows: PE (Click the icon to view the transactions.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jul. 1 Totals Determine the company's gross profit using the FIFO inventory costing method. Gross profit is $ L u sing the FIFO inventory costing method. Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Quantity Cost Cost Quantity | Cost Cost Quantity Cost Cost Date Jul. 1 26 Totals Totals | I C IN Determine the company's gross profit using the LIFO inventory costing method. Gross profit is $ using the LIFO inventory costing method. Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jul. 1 26 Totals F IN Determine the company's gross profit using the weighted-average inventory costing method. Gross profit is $ using the weighted-average inventory costing method. Requirement 4. If the business wanted to pay the least amount of income taxes possible, which method would it choose? If the business wanted to pay the least amount of income taxes possible, they would choose