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Requirements a . Determine the cost of goods sold and ending merchandise inventory by preparing a perpetual inventory record using the specific identification meth Assume

Requirements
a. Determine the cost of goods sold and ending merchandise inventory by
preparing a perpetual inventory record using the specific identification meth
Assume the following costing information for the books sold during the mon
August 3: ,7 books costing $19 each
August 15: 7 books costing $19 each and 4 books costing $21 each
August 28: 2 books costing $21 each and 2 books costing $28 each
b. Determine the cost of goods sold and ending merchandise inventory by
preparing a perpetual inventory record using the FIFO inventory costing
method.
c. Determine the cost of goods sold and ending merchandise inventory by
preparing a perpetual inventory record using the LIFO inventory costing
method.
d. Determine the cost of goods sold and ending merchandise inventory by
preparing a perpetual inventory record using the weighted-average inventor
costing method. Round weighted average unit cost to the nearest cent and
total cost to the nearest dollar.
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