won Man berpen August wan es untha el ven any that com 10 wan Dung, economy complement to telewing hentary to Dution Contave the Had the CA tegement Property for the methoden FIFO moting med Start by bring the beginning very best to ordering new invertory on hand anche action. One of the tre here they and total cost of merchandises old and on hand at the end of the periode este perfst Purchase Cast of Good Inventory on Hand Unit Total Un Total Un To Date Quantity Com Cout Quantity Cest Cool Quantity Co Data Table A1 2 Units Unit Cor Unit Sale Price Aug. 50 31 21 Aug, Purchase 55 Aug 21 Sole 75 Aug. 20 Purchase 30 20 45 Totals Print Done Enter any number in the cities and then click Check Arewer $30 each. During August, the company completed the following inventory transactions: merchandise ipuentan using the FIE.inventory.costing method ansactions in urchased, sa * Requirements all of the tra Goods Sol Unit Cost 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method. 2. Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method. 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted average inventory costing method. 4. Determine the company's cost of goods sold for August using FIFO, LIFO, and weighted average inventory costing methods. 5. Compute gross profit for August using FIFO, LIFO, and weighted average inventory costing methods. 6. If the business wanted to maximize gross profit, which method would it select? Units 50 85 $ 80 20 Print Print Done