The Athlete began October with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, The Athlete purchased and sold merchandise on account as follows: (Click the icon to view the transactions.) Read the requirements Requirement 1. 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. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances 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 Inventory on Hand Unit Total Unit Cost of Goods Sold Unit Total Quantity Cost Cost Total Cost Date Quantity Cost Quantity Cost Cost Oct. Data Table old and a i balance nventory method. Enter the tra ed into the perpetual re st inventory layers first Total Cost Oct. 5 Purchase 13 Sale 18 Purchase 26 Sale 156 crates @ 180 crates @ 114 crates @ 150 crates @ $ $ $ $ 64 each 104 each 75 each 118 each Print Done U 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? Print Done