pt 1 of 5 (0 complete) gan October with merchandise inventory of 70 crates of vitamins that cost a total of $4,550. During the month, Athletic World purchase account as follows: un to view the transactions.) ements Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the companika cost goods sold, ending aventory, and gross profit. Suting the cost of goods sold and Data Table X method, Enter the transactions in order, calculating new inventory o ve been entered into the perpetual quantity and total cost of merchand Enter the oldest inventory layers first Purchases Unit Quantity Cost Oct 5 Purchase Total tal Cost Oct. 13 Sale 130 crates @ $76 each 140 orates @ $108 each 150 orates @ 80 each 100 orates $ 114 each ost Oct. 18 Purchase Oot 26 Sale Print Done 181 26 any number in the edit fields and then continue to the next question o October with merchandise inventory of 70 crates of vitamins that cost a total of $4,550. During the month, Athletic World purchased and sold ant as follows: view the transactions.) ts. - X epare a perpetua Eory, and gross PI Requirements st of goods sold, ending g the cost of goog er, calculating new tity and total cost ter the transactions in ered into the perpetual record, Hest inventory layers first) 1. Purchases 2 Unit uantity Cost 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 collar.) If the business wanted to pay the least amount of income taxes possible which method would it choose? 3 4. Print Done number in the edit fields and then continue to the next question O PI mis Question: 1 pt 1 of 5 (0 complete) This Test: 5 pts po Athletic World began October with merchandise inventory of 70 crates of vitamins that cost a total of $4,550. During the month, Athletic World purchased and sola merchandise on account as follows: Click the icon to view the transactions.) Read the requirements Requirement 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. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO 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 Oct. 11 131 18! 25 Enter any number in the edit fields and then continue to the boxt question 2 o