Unit Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method and determine the company's cost of goods sold ending merchandise oyed you pro Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory couting method. Enter the transicions in chronologicorder, wenn Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise invertory purchased, so don and the end of the Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 1 Requirements 5 1. Prepare a perpetual investory record, using the one 13 method, and determine the most of goods anding merchandise inventory, and grous proft 2 Prepare a perpentary scoring the LIFO method, and determine the company's contagon tending 18 merchandisinventory, and gross profit 3. Prepare a perpetua inventory recording the weight costing method, and termine the company's cost of good merchandise inventory, and gross pro Round decor unit to the recent and the amount to the nearest the business wanted to pay the amount of income which method would choose? Totals Print 26 Done ayers ting i Data Table - X Jan. 5 Purchase Jan. 13 Sale 156 crates @ $64 each 180 crates @ $100 each 114 crates @ $75 each Jan. 18 Purchase Jan. 26 Sale 150 crates @ $116 each Print Done archandise inventory i Requirements - X Per, cald he end 1. 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 Unit Requirement 1. Prepare a perpetual inventory record, using the FIFO inventory costing method and determine the company's cost of goods sold ending merchandise oyed you pro Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory couting method. Enter the transicions in chronologicorder, wenn Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise invertory purchased, so don and the end of the Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jan. 1 Requirements 5 1. Prepare a perpetual investory record, using the one 13 method, and determine the most of goods anding merchandise inventory, and grous proft 2 Prepare a perpentary scoring the LIFO method, and determine the company's contagon tending 18 merchandisinventory, and gross profit 3. Prepare a perpetua inventory recording the weight costing method, and termine the company's cost of good merchandise inventory, and gross pro Round decor unit to the recent and the amount to the nearest the business wanted to pay the amount of income which method would choose? Totals Print 26 Done ayers ting i Data Table - X Jan. 5 Purchase Jan. 13 Sale 156 crates @ $64 each 180 crates @ $100 each 114 crates @ $75 each Jan. 18 Purchase Jan. 26 Sale 150 crates @ $116 each Print Done archandise inventory i Requirements - X Per, cald he end 1. 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