* Requirements X 1. 2. 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. P6-28A (similar to) Athletic World began January with merchandise intory of 78 crates of mins that cost a lot of 4200 During the month, At Word purchased and sold merchandise on account as to am the icon to view the actions Road the Requirement 1. Prepare a perpetual inventory record, using the FIFO inwestory costing method and determine the company's cost of goods sold ending merchandise for and gross proft Begin to computing the cost of goods sold and cost fonding merchandise inventory using the very coming method for the con chicorder gewoon hendesha tractions have been entered into the perpetual record calce the qually and cost of merchand mentory chwed sold and on hand at the end of the period they best Purchases Cost of Goods Sold Inventory on Hand Unit Total Tot Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan Unit 5 13 18 26 Enter any number in the edin fields and then click Check Answer Univyical order, calculating new inventory on hand balar d, sold, and on hand at the end of the period. (Enter the oldest inventory layers first Data Table Jan. 5 Purchase 156 crates @ $ 64 each 13 Sale 180 crates @ $ 104 each 18 Purchase 114 crates @ $ 75 each 26 Sale 150 crates @ $ 112 each Print Done