Athletic world began January with merchandise inventory of 70 crates of vitamins that cost a total of $4,550. During the month, Athletic World purchased and sold merchandise on account as follows.

onth, Athletic World purchased and sold merchandise on account as follows: pany's cost of goods sold, ending merchandise inventory, and gross profit method. Enter the transactions in chronological order, calculating new inventory on hand balances after purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first) Requirements 1. 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) the business wanted to pay the least amount of income taxes possible which method would it choose? 4. Print Done Clear A transactions in chronological order, calculating new inventory and on hand at the end of the period. (Enter the oldest invento Data Table Jan. 5 Purchase 13 Sale 130 crates @ 140 crates @ 150 crates @ 160 crates @ $ $ $ $ 76 each 108 each 83 each 112 each 18 Purchase 26 Sale Print Done Clear All Score: 0 of 10 pts P8-33B (similar to) the Wanddo um o conto view the main od do