Save Homework: Chapter 6 Homework Score: 2 53 of 8 pts P6-29A (similar to) 8 of 8 (6 complete) HW Score: 51.75%, 15 53 of 30 pts Question Help Steel Me began gut with out ofron inventory that cost Chok the icon to view the transactions each Oung August the company completed the food ventory ansactions Read the rements Requirement 2. Prepare a perpetua very record for the mechandise for using the UFO w y costing method Start by wing the b ig wetery balances Enter the a ctions in chronic de calculating new investory on and calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the pend e r the e ances are a ventory layers ust) ction one of the actions have been need the perplecord Purchases Enter any number in the edit hields and then click Check Answer 6 Parts 0 Requirements Prepare a perpetual inventoredad for the merchandising the beginning in Data Table anbly and total cos in the Einwentonces - X into the perpetualne Purchase Units Unit Cost Unit Sales Price antity Cost Aug. 3 Sale 8 Purchase 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method 2. Prepare a perpetual invertory record for the merchandise Inventory using the UFO Inventory costing method 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted average inventory costing method 4. Determine the company's cost of goods sold for August using FIFO, UFO, and weighted average inventory costing methods 5. Compute gross profit for August using FIFO, UFO, and weighted average inventory costing methods If the business wanted to maine gross prof which method would select 21 Sale Print Done er in the edit fields and then click Check Answer Print Done