cimal oblems Group A problems, assume the pe Accounting for ins mal Ford Arab 28A FIFO, LIFO, and weighte the perpetua m entory system is used unless stated otherwise inventory using the perpetual inventory system a weighted average with merchandise inventory of 78 crates of vitamins that cont During the month, lut Gym purchased and sold merchandise on Fie Gym began January of $4,290. During the month, Fit G o ty of 78 Learning yies 2,3 account as follows: Jan. 5 Purchase 1 t MT S 13 Sale 18 Purchase 26 Sale 156 crates $ 64 each 180 crates @ $ 100 each 114 crates @ $ 75 each 150 crates @ $ 116 each a perpetual inventory record, using the FIFO inven IPO inventory costing method, in the company's cost of goods sold, ending merchandise inventory, Requirements 1. Prepare a perpetual i and determine the compa and gross profit. 2. Prepare a perpetual inventory and determine the compa and gross profit. 3. Prepare a perpetual inventory rec perpetual inventory record, using the LIFO inventory costing method, termine the company's cost of goods sold, ending merchandise inventory, are a perpetual inventory record, using the weighted average inventory cost- 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? ALI