Fit Planet began July with merchandise inventory of 65 crates of vitamins that cost a total of $3,835. During the month, Fit Planet purchases and sold merchandise on account as follows:

ld, er Data Table ctions dise ir Jul. 5 Purchase 13 Sale 18 Purchase 26 Sale 145 crates @ 160 crates @ 170 crates @ 175 crates @ $ $ $ $ 80 each 106 each 90 each 112 each Print Done i Requirements 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. 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 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? Print Done