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P6-28A (similar to) Exercise Gym began October with merchandise inventory of 65 crates of vitamins that cost a total of 83.835. During the month, Exercise Gym purchased and sold merchandise on account as follows: Click the icon to view the transactions.) Read the requirements Requirement 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. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances at the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total - X Date Quantity Cost Cost Quantity Cost Cost Quantity Data Table Cost Cost Oct. 1 5 Oct. 5 Purchase 13 Sale 13 145 crates $ 80 each 160 crates @ $ 102 each 170 crates @ $ 90 each 175 crates @ $ 112 each 18 Purchase 26 Sale 18 28 Print Done Totals - X Requirements 1. 2. 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? 3. 4. Print Done