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the data table and the requirements in the same picture Fil Planet began January with merchandise inventory of 80 crates of vitamins that cost a

the data table and the requirements in the same picture

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Fil Planet began January with merchandise inventory of 80 crates of vitamins that cost a total of $3,600. During the month, Fit Planet purchased and sold merchandise on account as follows: If (Click the iconi 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 and of the period, (Enter the oldest inventory layers first.) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Requirements X Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 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. N 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 invaritory 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? Totals Data Table 4 Print Done Jan. 5 Purchase 120 crates @ $56 cach Jan. 13 Sale 130 crates @ $100 each Enter any number in the edit fields and then click Check Answer. Jan. 18 Purchase 130 crates @ $72 cach CO parts Clear Jan. 26 Sale 140 crates @ $102 each remaining Check

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