- X Data Table mandise actions in se inven action. Once allo tory layers first.) Units Unit Cost Unit Sales Price oods So nit 35 63 70 $ 32 ost Aug. 3 Sale 8 Purchase 21 Sale 30 Purchase 65 77 25 47 Print Done each. During August, the company completed the following inventory transactions: - X Requirements cha isac dise Once all of th yers first.) Goo Unid 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? Cos Print Done Stool Magnus with that the comedor The icon to view the ansactions Requirement. Prepare a perpetual inventory record for the merchandising Start by entering the beginning water balances Enter the transactions chocado Once of the transactions ave been bred into the perpetual recordate the quantity and total cost of merchandise Inventory and then they Purchases Cost of Goods Sold Inventory Total Unit Total Total Date Cost COM Ouantity Cost Cost Quantity Ko Cont Aug 20 nter any number in the edt beds and then continue to the next question 32 PM Type here to search