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HW Score:3.33 %, 1 of 30 pts Complete 16-7 (similar to) Question Help 10A. Happy Books has the following transactions in August related to merchandise inventory i (Click the icon to view the transactions.) a. Determine the cost of goods sold and ending merchandise inventory using the FIFO inventory costing method assuming Happy Books uses the periodic inventory system b. Determine the cost of goods sold and ending merchandise inventory using the LIFO inventory costing method assuming Happy Books uses the periodic inventory system. c. Determine the cost of goods sold and ending merchandise inventory using the weighted-average inventory costing method assuming Happy Books uses the periodic inventory system. a., b., and c. Determine the cost of goods sold and ending merchandise inventory using the (a) FIFO inventory costing method, (b) LIFO inventory costing method, and (c) weighted-average inventory costing method assuming Happy Books uses the periodic inventory system. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar.) More Info FIFO Beginning merchandise inventory 156 Aug. 1 Beginning merchandise inventory, 12 books@$13 each 3 Sold 5 books @ $22 each 12 Purchased 11 books @$15 each 15 Sold 8 books @ $22 each 20 Purchased 7 books @ $18 each 28 Sold 8 books@ $29 each Net cost of purchases 291 Plus: Cost of goods available for sale 447 Less: Ending merchandise inventory Cost of goods sold ue Print Done Choose from any list or enter any number in the input fields and ? parts remaining Clear All Check Answer 21.815

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