Question: Data table Requirement 1 . Prepare a perpetual inventory record, using the FIFO inventory costing method, and determine the company's cost of goods sold, ending

Data table Requirement 1. Prepare a perpetual inventory record, using the

Data table Requirement 1. 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
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)
Determine the company's gross profit using the FIFO inventory costing method
Gross prof is
using the FIFO inventory costing method. Requirement 2. 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.
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 invertory layers first) Requirement 3. 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.
nearest dollar.)
Determine the company's gross profit using the weighted-average inventory costing method.
Gross profi is
using the weighted-average inventory costing method
Requirement 4. If the business wanted to pay the least amount of income taxes possible, which method would it choose?
FIFO inventory costing method, and determine the company's cost of goods sold,

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