Question 2 of 5 This test 100 points) This question: 20 poin the month of Med oyuthod will line - method Data table tohen Date sam sindrological odcho porod Inventory Unit Qty Cost 20 10 Quantity Unit Cost 2015 SOS 00 55 22 SG 72 Pac Print Done B N M Click the icon to view the transactions.) Read the requirements Requirement 1. Without resorting to calculations, determine which inventory method will result in Comp America, Inc., paym In times of decreasing inventory prices, as is the case here, the FIFO method will result in Comp America, Inc., Requirement 2. Prepare a perpetual inventory record using FIFO. Start by entering the beginning inventory balances. Enter the transactions in chronological order, calculating new inventory on quantity and total cost of inventory purchased, sold, and on hand at the end of the period (For cost of goods sold, enter the fi Purchases Cost of goods sold Inventory on hand Unit Total Unit Total Total Date Qty Cost Cost Qty Cost Cost Cost Cost Mar 20 100 2000 Mar 50 95 4750 Unit Qty 1 Mar 12 Mar 22 Mar 31 Total Rannirement Pronare a noin tual inventaru rernd licinalin Comp America, Inc completed the following inventory transactions during the month of March Click the icon to view the transactions) a Read the requirements -C Requirement 3. Prepare a perpetual inventory record using LIFO Start by entering the opening inventory balance. Enter the transactions in chronological order, calculating new inventory on har quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (For cost of goods sold, enter the firs Purchases Cost of goods sold Inventory on hand Unit Total Unit Total Unit Total Date Qty Cost Cost Qty Cost Cost Qty Cost Cost Mar 1 Mar 4 Mar 12 Mar 22 Mar 31 Total Requirement 4. Prepare a perpetual inventory record using average cost. Round average cost per unit to the nearest cent and all oth Start by entering the opening inventory balance Enter the transactions in chronological order, calculating new inventory on hand balan quantity and total cost of inventory purchased sold and on hand at the end of the period (Round average cost per unit to the nearest Purchases Cost of goods sold Inventory on hand Requirement 4. Prepare a perpetual inventory record using average cost. Round average cost per unit to the nearest cent Start by entering the opening inventory balance. Enter the transactions in chronological order, calculating new inventory on quantity and total cost of inventory purchased, sold, and on hand at the end of the period. (Round average cost per unit tot Purchases Cost of goods sold Inventory on hand Unit Total Unit Total Unit Total Date Qty Cost Cost Qty Cost Qty Cost Cost Mar Cost 1 Mar 4 Mar 12 Mar 22 Mar 31 Total EN 5 America Inc paving the lowest income taxes ta table Date Item Quantity Unit Cost Mar 1 Balance 201$ 100 4 Purchase 50$ 95 12 Sale 66 22Purchase 35$ 92 31 Sale 22 Print Done