meer i Data Table tal ost May 5 Purchase May 13 Sale May 18 Purchase May 26 Sale 145 crates @ $80 each 160 crates @ $108 each 170 crates @ $90 each 175 crates @ $112 each Print Done d. ord, ca Requirements ads Sol t 1. st 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 sting method Exercise Gym began May with merchandise inventory of 65 crites of vitamine that cont a total of 53,836. During the month, Exercise Gym purchased and sold merchandion on nocount on follow (Click the icon to view the transactions.) 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 grows prot Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory conting method. Enter the transactions in chronological order, colointing to inventory on hand be Once will of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, old, and on hand at the end of the period inter the Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 5 13 10 20 Totals Determine the company's gros profit using the FIFO inventory costing method Enter any number in the soit fields and then continue to the question 4 5 7 Determine the company's gross profit using the FIFO Inventory costing method Groesprofil using the FIFO inventory conting method. Requirement 2. Prepare a perpetual inventory record, using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and grasproti Begin by computing the cost of goods sold and cost of ending merchandise inventory using the LIFO inventory costing method. Enter the transactions in chronological order, calculating new pero Once 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 Purchases Cost of Goods Sold Inventory on Hand Total Total Unit Total Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 Unit Unit 5 13 Enter any number in the edited and then continue to the next question $ 5 W E R Determine the company's gross profit using the LIFO inventory costing method Gros profis using the LIFO inventory costing method Requirements. Prepare a perpetual inventory record, using the weighted average Inventory costing method, and determine the company's cont of goods sold, unding merchandise invertory and Begin by computing the cost of goods sold and cost olending merchandise Inventory using the welghted average inventory conting method. Enter the transactions in chronologia onderlingo Transaction. Once all the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased sold, and on tund at the end of the prodloud the nearestent and all other amounts to the real doiler) Purchase Cost of Goods Sold Inventory on Hand Unit Total Unit Total Total Data Quantity Cost Quantity Cost Cost Quantity Cost Cost May 1 5 13 Unit Cool 18 26 Total Determine the company's gros profit using the weighted average intory costing method Gratis using the weighted average inventory cooling method Enter any number in the edit fields and then continue to the next question a E R S D F G Requirements. Prepare a perpetual inventory record, using the widerge inventory good and delom the company's cost of goods ending and entry on your Begin by computing the cost of goods sold and cool londing merchandise invertory in the deverage intory costing het. En teors in chronolog order to my raadion. Once all of the transactions have been artered into the precord, at they and total cost of merchandise or purchased and the end of the pred the nearest and all other amount to the near dolar) Purchase Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Coet Cost Quantity Cost Cost Quantity Cost Cost May 5 13 11 36 Total Determine the company's gros profit using the weightloverage vertolyoting the Groerotis using the weighted average inventory cosing the Requirement 4. If the business wanted to pay the amount of income as possible, which method would choose? the business wanted to pay the least amount of income aspon they would choose Enter any number in te en feids and then continue to the next question w E R 6 S D