Please solve Requirement 3!

Exercise World began May with merchandise inventory of 95 crates of vitamins that cost a total of $3.800. During the month. Exercise World purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements. -... Determine the company's gross profit using the FIFO inventory costing method. Gross profit is $ 10,165 using the FIFO inventory costing 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 gross profit. 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 inventory on hand balances after each transaction. Once all 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 oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost S 40 $ 3,800 May 1 95 155 s 71 $ 11,005 95 S 40 $ 3.800 71 $11.005 155 $ 13 155$ 70 S S 2,800 25$ 71] $ 11,005 40 $ 1.000 18 193 $ 75 $ 14,475 70 s 40 S 2.800 1939 75 $ 14,475 193 | S 63 s 40$ 2.520 75] $ 14,475 40 $ 280 7 $ $ 25,480 348 S $ 20.780 Totals 380 63 2.520 Determine the company's gross profit using the LIFO inventory costing method. Gross profit is $ 16,980 using the LIFO inventory costing method. Requirement 3. Prepare a perpetual inventory record, using the weighted-avetage inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted average inventory costing method. Enter the transactions chronological order, calculating new inventory on hand balances after each transaction. Once all 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. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Purchases Cost of Goods Sold Inventory on Hand Requirements Data Table Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 1. May 1 May 5 Purchase 155 crates @ $71 each May 13 Sale 180 crates @ $114 each 13 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? May 18 Purchase May 26 Sale 193 crates @ $75 each 200 crates @ $116 each 18 3. 26 Totals 4. Print Done