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need help with parts 1-6 (Click the icon to viow trie traniactions.) Resd the requirements Requirement 1. Preporo a porpetual imentory recerd for the merchandee
need help with parts 1-6
(Click the icon to viow trie traniactions.) Resd the requirements Requirement 1. Preporo a porpetual imentory recerd for the merchandee inventory ving De FIFO inventory costing mathod: Data table and balances after each the end of the period. 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 Step by Step Solution
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