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1. Prepare a perpetual inventory record for the merchandise inventory using the 2. Prepare a perpetual inventory record for the merchandise inventory using the 3. Prepare a perpetual inventory record for the merchandise inventory using the 4. Determine the company's cost of goods sold for August using FIFO, LIFO, 5. Compute gross profit for August using FIFO, LIFO, and weighted-average 6. If the business wanted to maximize gross profit, which method would it FIFO inventory costing method LIFO inventory costing method. weighted-average inventory costing method and weighted-average inventory costing methods. inventory costing methods. select? Data Table Units 35 70 65 25 Unit Cost Unit Sales Price Aug 3 Sale $ 63 8 Purchase 21 Sale 30 Purchase $32 47 Print Done 1. Prepare a perpetual inventory record for the merchandise inventory using the 2. Prepare a perpetual inventory record for the merchandise inventory using the 3. Prepare a perpetual inventory record for the merchandise inventory using the 4. Determine the company's cost of goods sold for August using FIFO, LIFO, 5. Compute gross profit for August using FIFO, LIFO, and weighted-average 6. If the business wanted to maximize gross profit, which method would it FIFO inventory costing method LIFO inventory costing method. weighted-average inventory costing method and weighted-average inventory costing methods. inventory costing methods. select? Data Table Units 35 70 65 25 Unit Cost Unit Sales Price Aug 3 Sale $ 63 8 Purchase 21 Sale 30 Purchase $32 47 Print Done

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