Requirement 2. Prepare a perpetual Inventory record, using the LIFO inventory coating method, and determine the company's cost of goods sold ending merchandie Inventory, and gross profit Begin by computing the cost of goods sold and cost landing merchandise inventory using the LIFO inventory coating method.Enter the transactions in chronological order, calling new Inventory on hand balances ahor each transaction Once all the transactions have been entered into the perpetual record, calculate the quality 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 Unk Total Unit Tots Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Oct Co 13 18 26 Total Enter any number in the edit fields and then click Check Answer parts remaining CA Final Check MacBook Air Requirements. Prepare per inventory record, using the weighted average inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit thegin by computing the cost of goods old and cool anding merchandise inventory using the weighted average inventory costing method Enter the transactions in chronological order, calculating new inventory on hand balance after each wwsacion Once will 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 her cent and other mother dollar Purchases Cout of Goods Sold Inventory on Hand Unik Total Unit Total Unit Total Quantity Cout Cout Quantity Con Cost Cost Cost 1 5 TA Total Enter any number in the edin fields and then cick Check Awet 2 ming Clear A Determine the company's gross profit using the weighted averane inventory costing method. Gross profit is s using the weighted average inventory costing method. Enter any number in the edit fields and then click Check Answer part remaining Requirement 4. If the business wanted to pay the least amount of income taxes possible, which method would it choose? If the business wanted to pay the least amount of income taxes possible, they would choose Click to select your answer(s) and then click Check Answer All parts showing MacBook Air PG-28A (similar to) Relea Maywherhede hertory of 76 of mine that contato. During the month, Fr Universe purchased and merchandise on scount as follows Requirements. Prepare a perpenvertory card using PFO inventory costing method, and determine the company's cost of goods soldering merchandise inventory, and gross profit Begin by control the cost of goods and conding merchandise inventory using the FIFO inventory courg method Enter the actions in chronological order, calculating new inventory on hand balances for each transaction Donations have been entered to the perpetual record, calculate the quanto cost of merchandise inventory purchased sold, and on hand at the end of the period. (Em the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Total Unit Total Data Table Dute Com Com Quantity Cost Cost Quantity Cost Cost May 5 Purchase 13 Sale 140 crates 87aach 160 $500 euch 154 DS 91 och 200 504 18 Purchase 20 B 2 Print Done Sy the losarthe andise word dan handbedba narind Requirements X 1 N 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? 3. 4. Print Done