Accounting for inventory using the perpetual inventory system-FIFO, LIFO, and weighted-average (Learning Objectives 2, 3) Fit Gym began January with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit Gym purchased and sold merchandise on account as follows: Jan. 5 Purchase 13 18 Purchase 26 Sale Sale Chapter 6: Merchandise Inventory 156 crates @ $64 each 180 crates @ $ 100 each 114 crates @ $ 75 each 150 crates @ $ 116 each Pag

ficqulement z Requirements 1. Propace a perpetual imentary record, using the FFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profi. 2. Prepare a perpetual inventory record, using the Lif O irwentory costing method, and determine the company/s cost of goods sold, onding merchandise irmentory, and gross prott 3. Propare a perpetual inventory record, using the weighted-average inventory costing mepare a perpetual inventory record, using the weighed-average invenchy costing Woighted average cost per unit to the nearest cent and all other amounts to the nearest dollar) 4. If the business wanted to pay the least amount of income tawes pessible, Which method would it choose? P-F:6-28A Accounting for inventory using the perpetual inventory system-FIFO, LIFO, and weighted-average (Learning Objectives 2, 3) Fit Gym began January with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit Gym purchased and sold merchandise on account as follows: Perpetual Inventonis