Fit Gym began October with merchandise inventory of 78 crates of vitamins that cost a total of $4,290 During the month, F& Gym purchased and sold merchandise on account as follows (Cack the icon to view the transactions Read the requirements Data table Oct. 5 Purchase Oct. 13 Sale 156 crates 564 each 180 crates $96 each Oct, 18 Purchase Oct. 26 Sale 114 crates @$75 each 150 crates 5102 each Print Done - X Requirements 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit - X 2 3. 4. Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit 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 protit (Round weighted-average cost per unit to the nearest cent and at other amounts to the nearest dollar) If the business wanted to pay the least amount of income taxes possible, which method would it choose? Print Done Requirement 1. Prew a perpetual entry cont Becoming the cat of goods recont, calculate the quantity and cost s Purch Da Quantity Co C C Quantity Od 1 13 20 Rent2Pepee a pered the LFC Begin by computing the cost of goods and recede the quantity and tota costs D D 13 W Cost Total Begin by coming the cod of goods and perpetualet, cute the aety and totali Puhees ending merchandos inventory ng t Cost of Goods S Date Quantity thi Cost Cost Quanty C C Ovenly C Oct 1 13 2 Te 4 the warted to pay the batte