The athlete began July with merchandise inventory of 76 crates of vitamins that cost a total of $4,560. During the month, The athlete purchased and sold merchandise on account as follows:

HW Scor Que urchased and sold merchandise on account as follows: f goods sold, ending merchandise inventory, and gross profit. r the transactions in chronological order, calculating new inventory on hand balances after each ry purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Requirements 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? 1. 2. 3. 4. Print Done Check Answer All HW Scor Que urchased and sold merchandise on account as follows: f goods sold, ending merchandise inventory, and gross profit. r the transactions in chronological order, calculating new inventory on hand balances after each ry purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first.) Requirements 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? 1. 2. 3. 4. Print Done Check Answer All