help!
Exercise Gym began May with merchandise inventory of 76 crates of vitamins that cost a total of 54,560 . During the month, Exercise Gym purchased and sold merchandise on account as follows: (Cick the icon to view the transactions) Read the requirements. Begin by computing the cost of goods sold and cost of onding merchandise inventory using the FIFO inventory costing method. Enter the transactions in cheonological order, calculating ne inventory on hand balances after each transaction. Once al of the transactions have been entered into the perpetual fecord, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enier the oldest imventory layers first.) Data table Exercise Gym began May with merchandise inventory of 76 crates of vitamins that cost a total of $4,560. During the month, Exercise Gym purchased and sold merchandise on account as follows: Click the loon to view the transactions.) Read the requirements Determine the company's gross profit using the FiFO inventory costing method. Gross proft is using the FIFO inventory costing method. Requirement 2. Prepare a perpetual inventory record, using the LFO inventory costing method, and determine the company's cost of goods sold, ending merchand se invensory, and gre profit: Begin by computing the cost of poods sold and cost of ending merchandise inventory using the LJFO inventory costing method. Enter the transactions in chronological order, calculating it 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.) Exercise Gym began May with merchandise inventory of 76 crates of vitamins that cost a total of $4,560. During the month, Exercise Gym purchased and sold merchandise on account as follows: as follows: Click the icon to viow the transactions.) Read the requirements. Begin by computing the cost of goods sold and cost of ending merchandise inventary using the weighted-average inventory costing method. Enter the transactions in chronological order, calculating new invemtory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calcilate the quantty and total cost of merchandse invertory purchased, sold, and on hand at the end of the period. (Round weighted-average cost per unt to the nearest cent and all cther amounts to the nearest dollar) Determine the company's grobs proft using the weighted-average inventory costing method Gross profit is using the weightod-average invertory costing method Requirement 4. If the business wanted to pay the least amount af income taxes possible, which method would it choose? Exercise Gym began May with merchandise inwentory of 76 crates of vitamins that cost a totai of $4,560. During the month, Exercise Gym purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) If the business warted to pay the ieast anount of income taxes possble, they would choose
