find FIFO,LIFO and Weighted average.

5. Heavenly Books has the following transactions in August related to merchandise inventory (Click the icon to view the transactions) Read the requirements a. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method Assume the following costing information for the books sold during the month August 3 4 books costing 514 each August 15 4 books costing $14 each and 5 books costing $20 each August 28 2 books costing $20 each and 4 books costing $29 each Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into 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 layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Aud Date Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assume the following costing inte August 3 4 books costing $14 each August 15 4 books costing $14. each and 5 books costing $20 each Requirements t by ente ng new inventory on hand balances after each transaction. Once all of the transa ulate the the period. (Enter the oldest inventory layers first.) a. Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method. * More Info Assume the following costing information for the books sold during the month: August 3 4 books costing $14 each Aug. 1 August 15: 4 books costing $14 each and 5 books costing $20 each Aug. 1 August 28: 2 books costing $20 each and 4 books costing $29 each Beginning merchandise inventory, 12 books @ 514 each b. Determine the cost of goods sold and ending merchandise inventory by Aug. 3 Sold 4 books @ $18 each preparing a perpetual inventory record using the FIFO inventory costing Aug. 12 Purchased 8 books @ $20 each method c. Determine the cost of goods sold and ending merchandise inventory by Aug. 15 Sold 9 books @ $18 each preparing a perpetual inventory record using the LIFO inventory costing Aug. 20 Purchased 5 books @ $29 each method d. Determine the cost of goods sold and ending merchandise inventory by Aug. 28 Sold 6 books @ $24 each 20 preparing a perpetual inventory record using the weighted-average inventory costing method. Round weighted average unit cost to the nearest cent and total cost to the nearest dollar Print 3 12 15 Done any ny Print Done