Question: Unidentified Prepare a perpetual inventory record , using the FIFO inventory costing method , and determine the company ' s cost of goods sold ,
Unidentified Prepare a perpetual inventory recordusing the FIFO inventory costing methodand determine the companys cost of goods soldending merchandise inventoryand gross profitPrepare a perpetual inventory recordusing the LIFO inventory costing methodand determine the companys cost of goods soldending merchandise inventoryand gross profitPrepare a perpetual inventory recordusing the weightedaverage inventory costing methodand determine the companys cost of goods soldending merchandise invertoryand gross profitround wieghtedaverage cost per unit to the nearest cent and all other amounts to the nearest dollarIf the business wanted to pay the least amount of income yaxes possible which method would it choose
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