Mbegu Augustins una tron vertory that cost $24 cach. During August the company completed the following inventory transaction Click the icon to win Read the Requirements. Prepare a perpetua inventory record for the merchandise Inventory using the FIFO Inventory corting method Sort by entering the beginning inventory balance. Enter the transactions in chronological ordercalculating new invertory on hand balances ter each transaction. Once all the actions have been entered into the perpetual record caloitheando com o mercado inventory purchased sold, and on hand at the end of the period of the oldest inventory yerint) Purchases Cost of Goods sold Inventory on Hand Unit Total Unit Total Total Data Table Det Quantity Cost Cost Quantity Cost Cost Quantity Cost Aug 1 Unite Unit Cost Unit Sale Price Aug 3 Sale 35 Aug Purchase 70 $ 30 21 A 21 Sale 65 TT Aug 30 Purchase 25 Cost 30 Print Done Totals Oldest inventory layers first.) i Data Table - X Units Unit Cost Unit Sales Price Sale 35 $ 63 Purchase 70 $ 32 Aug. 3 Aug. 8 Aug. 21 Aug. 30 65 77 Sale Purchase 25 47 Print Done PS i Requirements 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method. 2. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method. 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted average inventory costing method. 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted average inventory costing methods. 5. Compute gross profit for August using FIFO, LIFO, and weighted average inventory costing methods. 6. If the business wanted to maximize gross profit, which method would it select? Print Done