Question: Requirements 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and detemine the company's cost of goods sold, ending merchandise inventory, and

costing method, and detemine 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,

Requirements 1. Prepare a perpetual inventory record, using the FIFO inventory costing method, and detemine 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 costing 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? Data table y record, using the ending mer ons in chron herchandise Eif (Cick the ioon bo virw the lraseartions) Pead the reguatmerth. periad (Enier the oldent inentary larens fritst) III (Cick the kicon to vilw the banouchions: Read the regulzerents

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