Look Books has the following transactions in August related to merchandise inventory.

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August $3$:

$4$ books costing $$13$ each

August $15$:

$4$ books costing $$13$ each and $2$ books costing $$15$ each

August $28$:

$2$ books costing $$15$ each and $1$ books costing $$17$ each 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.$)$

$\backslash$table$[[$Date$,$Purchases,Cost of Goods Sold,Inventory on Hand$],[$Quantity$,$Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost$],[$Aug$.1],[3],[12],[,,,,,,,,,],[15],[,,,,,,,,,],[20],[,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,],[28,,,,,,,,,],[,,,,,,,,,],[,,,,2,,,,,]]$

b$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the FIFO inventory costing method. 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.$)$

c$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method.

c$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method. 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.$)$

$\backslash$table$[[$Date$,$Purchases,Cost of Goods Sold,Inventory on Hand$],[$Quantity$,$Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost$],[$Aug$.,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,],[,,,,,,,,,],[$Totals$,,,,,,,,,]]$

d$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weighted$-$average inventory costing method.

Purchases

Cost of Goods Sold

Inventory on Hand

d$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weighted$-$average inventory costing method.

$\backslash$table$[[$Date$,$Purchases,Cost of Goods Sold,Inventory on Hand$],[$Quantity$,$Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost,Quantity,Unit Cost,Total Cost$],[$Aug$.1,,,,,,,,,],[3,,,,,,,,,],[12,,,,,,,,,],[15,,,,,,,,,],[20,,,,,,,,,],[28,,,,,,,,,],[$Totals$,,,,,,,,,]]$

Transactions

$\backslash$table$[[$Aug$.1,$Beginning merchandise inventory, $9$ books @ $$13$ each$],[$Aug$.3,$Sold $4$ books @ $$17$ each$],[$Aug$.12,$Purchased $5$ books @ $$15$ each$],[$Aug$.15,$Sold $6$ books @ $$17$ each$],[$Aug$.20,$Purchased $2$ books @ $$17$ each$],[$Aug$.28,$Sold $3$ books @ $$21$ each$]]$

Requirements

a$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification method. Assume the following costing information for the books sold during the month:

August $3$: $,4$ books costing $$13$ each

August $15$: $,4$ books costing $$13$ each and $2$ books costing $$15$ each

August $28$: $2$ books costing $$15$ each and $1$ books costing $$17$ each

b$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the FIFO inventory costing method.

c$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the LIFO inventory costing method.

d$.$ Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the weighted$-$average inventory costing method. Round weighted average unit cost to the nearest cent and total cost to the nearest dollar.