Accounting for inventory using the perpetual inventory system- FIFO, LIFO and Weighted Average. Fit world began January with merchandise inventory of 80 crates of vitamins that cost a total of $4,000. During the month, Fit world purchased and sold merchnadise on account as follows. Jan 5. Purchase 140 crates @ 55$ each, 13 Sale 160 crates @ 100 $ each, 18 Purchase 160 crates @ 60$ each, 26 Sale 170 crates @110 $ each. If the business wanted to pay the less amount of income taxes possible, which method would you choose