Data Table Date Item Quantity Unit Cost 145 310 Oct 1 Balance 5 Sale 7 12 Purchase 20$ 295 21 Sale 30 Sale Print Done Assume like and Skate, Inc., bought and sold a line of mountain bikes during October as follows: Click the loon to view the data) Dike and Skate, Inc., uses the perpetual inventory system Read the requirements Requirement 1. Compute the cost of goods sold under FFO Start by entering the beginning inventory balances Enter the transactions in chronological order i ng new entry on hand balances are each transaction. Once record, collate the quality and all of invertory purchased, sold, and on and the end of the road to the deliverlory layers frut) of the o w n er the perpetu RIFO Purchases City Cost Cost City Cost Cost OlyCon Cost Requirement 2. Compute the cost of goods sold underLIFO Enter any number in the edities and then continue to the next question Requirement 2. Compute the cost of goods sold under UFO. Start by entering the beginning inventory balances Enter the transactions incrociander gew record, calculate the quality and cost of inventory and on and end of the pri or layer first) o on and b of e wr o the fireword n. One of the transaction ve been read the per F orget For invertory on the many LIFO: Purchases Inventory on hand Cost of goods sold Unit Oy Cost Cost Date Qty Cost Cost Oy Cost Total Enter any number in the edities and then continue to the next Gestion Requirement 3. Which method results in the higher cost of goods sold? In times of Inventory prices, as is the case here, the method that results in the the higher cost of goods sold in Enter any number in the edit fields and then continue to the next