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Atlas Gym began July with merchandise inventory of 90 crates of vitamines that cost a total of 55,850. During the month, Atlas Gym purchased and sold merchandise an account as follows: Click the icon to view the transactions) Read the recent Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory conting method, and determine the company's cont of goods sold ending merchandise inventory, and gross profit Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FFO inventory costing method Enter the transactions in chronological order, calculating new inventory on hand balance after each transaction Once all 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 (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand - X Data Table Unit Total Unit Total Un Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost 5 Purchase 130 75 each 5 140 cras 100 each 18 Purchase 1705 36 13 26 Sale 13 Sale Print Done Enter any number in the colds and then check Answer a total of $5,850. During the month, Atlas Gym purchased and sold merchandise on account as follows: sting i Requirements - X bross prc Dry usid ord, cald new in end off 1. > 1 2. t Q 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. each each each each 4. Print Done