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Please help me solve for questions 1,2,3, and 4 Fit Planet began May with merchandise inven of 72 crates of vitamins that cost a total
Please help me solve for questions 1,2,3, and 4
Fit Planet began May with merchandise inven of 72 crates of vitamins that cost a total S.EO During the month, Fit Planet purchased and sold merchandise on account as follows: (Click Requirements Read the reg Hand 1. Prepare a perpetual inventory record, using the FlFO inventory costing Total Data Table method, and determine the company's cost of goods sold. ending Date Cost merchandise inventory, and gross profit 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 gross profit. May 5 Purchase 20 crates 78 each 3. Prepare a perpetual inventory record, using the weighted-average inventory 13 Sale 130 crates 102 each costing method, and determine the company's cost of goods sold, ending 18 Purchase 24 crates 90 each merchandise inventory, and gross profi Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) 26 Sale 30 crates 0 each 4. If the business wanted to pay the least amount of income taxes possible, 18 which method would it choose? Print Done Print DoneStep by Step Solution
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