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 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 costing method,and determine the company's cost of goods sold,ending merchandise invertory,and gross profit.(round wieghted-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 yaxes possible which method would it choose?
 Unidentified Prepare a perpetual inventory record,using the FIFO inventory costing method,and

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