Question: please help. this is all 1 question Requirements: 1 . Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method.
please help. this is all question
Requirements:
Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method.
Prepare a perpetual inventory record for the merchandise inventory using the LIFO inventory costing method.
Prepare a perpetual inventory record for the merchandise inventory using the weightedaverage inventory costing method.
Determine the company's cost of goods sold for August using FIFO, LIFO, and weightedaverage inventory costing methods.
Compute gross profit for August using FIFO, LIFO, and weightedaverage inventory costing methods.
If the business wanted to maximize gross profit, which method would it select?
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