Athletic world began October with merchandise inventory of 72 crates of vitamins that cost a total of $3600 During the month Athletic world purchased and sold merchandise on account as follows

Data Table

Oct 5th Purchase 120 crates @ 78 each

13 Sale 130 crates @ 98 each

18 Purchase 124 crates @ 90 each

26 Sale 130 crates @ 102 each

Prepare a perpetual inventory record, using the FIFO inventory costingmethod, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit.
2.	Prepare a perpetual inventory record, using the LIFO inventory costingmethod, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit.
3.	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.)
4.	If the business wanted to pay the least amount of income taxes possible, which method would it choose?