Exercise Gym began May with morchandise inventory of 80 crates of vitamins that cost a total of $3,600. During the month, Exercise Gym purchased and sold merchandise on acoount as follow: (Click the icon to view the transoctions). Read the requirements. Requirements gross profi. 1. Propare a perpetual inventocy recoed, using the FIFO inventory costing method, and delermine the company's cost of goods sold, ending merchandise imventory, and goss proft. 2. Prepare a perpetual inventory record; using the LFO inventory cosing method, and determine the cormpary's cost of goods sold, ending merchandise inventory, and gross profit 3. Prepare a perpetual imventory record, using the weighted-average inventory costing method; and determine the company's cost of goods sold, ending merchandise inventory, and gross profl. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dolar.) 4. If the business wanted to pay the least amount of income taxos possible. which method would it choose? Determine the company's gross proft using the FIFO inventory costing method 4 whid ssag po4nou buqwor Koguania 0att oid burs s waxd svoup Requirement 3. Propare a perpetual imventory record, using the woighted average inventory cosing method, and determine the compary/s coat of goods sold, endrig merchandse inventory and gross proft. and on hand at the end of the period. \{Round wolghted iverage cost per unit to the nearest cent and all other armounts io the nearetl dotar. Detemmine the company's gross profi using the woighted-average invemary conting method. Gross profit is using the weightedieverage inventory coeting method Requirement 4. It the business wanted to pay the leat amount of inoome taxos powsile, which enehod wovid it choose? If the business wanted to pay the lesst amount of income taxes possble, they would choose