For all problems P6-28A Accounting for inventory using the perpetual inventory system FIFO, LIFO, and weighted-average Fit Gym began January with merchandise inventory of 78 crates of vitamins that cost a total of $4,290. During the month, Fit Gym purchased and sold merchandise on assume the perpetual inventory system is used unless stated otherwise. Learning 2. Ending follows: account as Jan. 5 Purchase 156 crates @S 64 each 13 Sale 180 crates @$ 100 each 18 Purchase 114 crates $ 75 each 26 Sale 150 crates @$ 116 each Requirements 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. 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. 3. Prepare a perpetual inventory record, using the weighted-average inventory cost- ing method, and determine the company's cost of goods sold, ending merchandise inventory, and gross profit. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) 4. If the business wanted to pay the least amount of income taxes possible, which method would it choose? MAT 209 TEST 3 (TAKE HOME) Instructions: Answer all questions. 1. Course Text: Page 186 # 5.92 (10 points) 2. Course Text: Page 208 # 6.4 (20 points) 3. Compute the mean and standard deviation of the following probability distribution f(x) (5-x)/ 10 for x 1, 2, 3, or 4 (10 points)