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

Fa Untyerse began May with merchandise inventory of 25 crates of vitamins that cost a total of 53,835 . Duaing the month, Fit Universe purchaced and sold merehandise on account as follows: BIt) (Gick the icon to view the transections) Read the tequesenents. sold, and on hand at the sad of the period. (Enter the oldest inveatory layert first) Fit Universe began May with mecchandise inventory of 6 if crates of vitamine that cost a fotal of \$3,835, During the montit, Fit Universe purchased and sold merchandise or account as follows: (Click the icon to view the transidions.) Read the recolremerts. Desermine the company's grots prote using the Fifo irventory conting method. Groses prota in uting the FiFo invertiory cootiry mithod. Requirement 2. Propare a perpetual inventisy recoed, using the Lifo inventory costing method, and determino the company's cost of goods sold, ending merchandise inventory. and grost proft. Wots, and on hame at the end of the genivd. (Enier the oldeet inventoy layers foct.) Fin Universe begain May with merchandise inventory of 65 crates of vitamins that cost a total of $3.895. During the month, Fit Universo purchased and sold merchandise on account as follows: (Cick the icon to view the trantacticns.) Reod the reguirement. Dotermine the company'a gross profit using the Lifo inventery costing method Goes peet is usirg the Lifo imentory costing method. grees srott. gross proft new inventiary on hand belances aher each transaction. Once al of the trinsactions have been ertered into the perpetual rocond, catcutate fine quantly and total cost of merchandise inventicy Data table