WheBooks as the foowing action in August elated to merchandise entory Click the icon to view the con Readet Determine the cost of goods sold and ending merchandise eventory by preparing a perpetual invertory record using the specific dentication method Assume tha bollowing coming formation to the books sold during the August 4 books costing $16 each August 15 G books costing 516 each and books costing $18 och August 22 2 book casting 518 each and books conting 925 each Start by entering the beginning Inventory balonces Enter the transactions in chronological order calculating new invertory on hand balance 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 Cost of Goods Sold Bryon Hand Moreno Una Total Quantity Cost Cont Quantity Cout Cost Quantity Com Aug 1 Aug. 1 Beginning merchandise hotary, 12 book @ 515 each Aug 3 Sold 4 books 520 och Aug 12 Purchased books 518 uach Enter any number in the edities and then click Check Answer Sold 11 books@ 20 each Aug. 20 Pued books@525 each Aug 20 Sold 4 books 12 cach Total Aug. 15 3 Clear A. X 5. Wie Books has the following transactions in August related to marchandise inventory Click the icon to view the transactions Read the Requirements 15 20 a. Determine the cost of goods sold and ending merchandise intory by preparing a perpetual inventory record using the specific identification method Assume the following costing Information for the books sold during the month August 4 books costing 516 each August 15 books costing $16 each and books costing 518 each August 28 2 books costing 518 each and 2 books coming $25 each b. Determine the cost of goods sold and ending merchandise Inventory by preparing perpetual inventory recording FIFO inventory conting method c. Duemine the cost of goods sold and ending merchandise kvety by preparing a perpetual inventory record using the LIFO inventory costing d. Determine the cost of goods sold and ending merchandisinventory by preparing perpetual eventory record using the weighted average Inventory costing method Round tighted vitage unit cost to the recent and total cost to the nearest dolar 20 Totale Enter any number in the edt els and then clickCheck Answer Print Done remaining Cies Check AWE