5. Fosoutcolul Bocks has the following transactons in Augutrelated to rearchandise inventory A) Chid the con to vew the irsatadionid Psiatse 5. Resourceful Books has the following transactoons in August related to merchandise inventory (1) iClok the icon to vesw the transactionis: Read the reounements b. Deleirisine the cost ot eoods sold and onding reechand se kventory ov prepaing a perpefual inventory record using the fi FO inventory costing method c. Delarmine the cost of goods sold and ending merchandise inventory by prepering a perpetuat imventory record using the UiFO inventory costing method Start by entening the beenning inventory balances. Enter the transactions in chvonological order. caiculating new inventory on hand balances after each tansactiont Once all of the transacions have cert and totai cosi to the nearoct oellar. ay entering the begnning inventory balances. Enter the transactions in chronological of ed into the perpetuat record, calculate the quantiy and total cost of merchandise inven Requirements More info a. Determine the cost of goods sold and ending merchandise imentory oy preparing a perpetual inventary record using the spectic identification method Assume the following costing information for the books sold during me month August 34 books costing $i4 each August is: 4 bools costng 514 each and 5 books cosing 520 each Auguat 28 . 2 books costing 320 each and 4 book coiting 529 ead b. Detemine the cost of goods soid and ending mecchandse iniendory by prepsring a perpetual invertary rocord uting the fifo imentary costing c. Determine the cost of goods sold and ending merchandze inentory by. prepanng a perpetual invertory record esing the LiFO ifventory coubsg method d. Deternine the cost of goods sold and onding menchandue iventery by preparng a perpetuat invention record using tie weghiled-averagd invutrab botar cont to the nearest cola