Athletic World began May with merchandise inventory of 90 crates of vitamins that cost a total of $5,850. During the month, Athletic World purchased and sold merchandise on account as follows:

FO inv ld, e - X ction dise i chandi ered int Data Table oods S May 5 Purchase 130 crates @ $ 76 each Jnit 140 crates @ $ 13 Sale 96 each Cost 170 crates @$ 18 Purchase 86 each 180 crates @$ 26 Sale 112 each Print Done i Requirements X ing herch ding Deen 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.) If the business wanted to pay the least amount of income taxes possible, which method would it choose? onola ry pur 2. Cost 3. ity 4. Print Done Read the requirements. TUIVIIaaGa Iveory oTTIaIRu Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 5 13 261 Totals Enter any number in the edit fields and then click Check Answer 6 parts remaining Clear All 18 Read the requirements Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 13 18 26 Tainie Enter any number in the edit fields and then click Check