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thank you for the help! tory using the FIFO inventory costing method. Enter the transactions in chronologic inc Data Table 155 crates @ $71 each

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tory using the FIFO inventory costing method. Enter the transactions in chronologic inc Data Table 155 crates @ $71 each May 5 Purchase May 13 Sale May 18 Purchase May 26 Sale 180 crates @ $100 each 193 crates @ $75 each 200 crates @ $114 each Print Done pry, and FO gX nan cor Requirements alculati d of the od 1. mit est 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. Print Done tym began May with merchandise inventory of a crits of Vitamines that costa tal of $3,00. During the month, Faym purchased and sold merchandise on acourt as follows oid the con to view the transactions) Read the moments Requirement 1. Prepare a perpetual ventory record, using the FIFO Inventory cooling method and determine the company's cost of goods sold, ending merchandise intory and gross prolt Begin by computing the cost of goods sold and cost of ending merchandise inventory using a FIFO inventory conting method Enter the transaction in chronological order calculating new invertory on hand balance after each Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise Inventory purchased toid and on hand at the end of the period. Enter the oldest inventory les fort Cost of Goods Sold Inventory on Hand Total Quantity Quantity Quantity Cost Cost May 1 Purchases Unit Cost Unit Total Cost Unit Const Total Coat Data 5 13 26 Total Dermine the company's gosspruit using the FIFO inventory couling method Gross profils using the FIFO inventory coming method Requirement Propea perpetua inventory record, using the LIFO inventory costing method and determine the company's cost of goods sold, ending merchandise invertory, and gross proft Requirement 2. Prepare a perpetual inventory record, using the LIFO inventory conting method, and determine the company's cost of goods sold ending merchandietary art gross profe Begin by computing the cost of goods sold and cost of ending merchandise eventory using the LIFO invertory coating method. Enter the transactions in chonological order, calculating new inventory on hand talvos atracht nce all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, old and on hand at the end of the period(Enter the entiventary layer) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 5 13 18 26 Totals Determine the company's gross profit using the LIFO inventory costing method Groos potis using the LIFO inventory costing method in merchandise invertory, and group Requirement Prep perpetual inventory record using the weighted average invatory costing method, and determine the company's cost of goods sold ending merchandisetory, and goas profit llegin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted average or costing method inter the transactions in chonological order, calculating new inventory on hands are transaction. Once all of the transactions have been entered into the perpetual record. calculate the grity and cost of merchandisinventory purchased and on and at the end of the period. Round weight-eperunt the nearest and other at the newest Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Date Quantity Cost Guantity Cost Cost Quantity Cost May 1 5 13 Total Cost Cost 20 Total Determine the company's gross profit using the weighted average inventory costing method Gros profis using the weighted average inventory costing method Requirement 4. if the business wanted to pay the cost amount of income taxes possible, which method would choose? e business world to pay the least amount of income possible would choose

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