Data table Requirements 1. Prepare a perpetual irventory record for the merchandse inventory using the FIFO inventory costing method. 2. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method. 3. Prepare a perpetual inventory record for the morchandise inventory using the weighted-average inventory costing method. 4. Determine the company's cost of goods sold for August using FiFO, LIFO, and weighted-average inventory costing methods. 5. Compute gross profit for August using FFFO, LFO, and weighted-average inventory costing methods. 6. If the business wanted to maximizo gross profit, which method would it select? Iron Man began August with 65 units of iron inventory that cost 530 each. During August; the company completed the following inventory transactions: (Click the ioon to view the transactions) Read the Requirement 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO irventory costing method. Start by entering the beginning imentary balances. Enter the transactions in chronological order, calculating new inventory on hand balances attor each transaction. Once all of the transactons have been entered inta the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory ingert frrt.)