Read the reguirements. Data table Requirements 1. Prepare a perpetual inventory record for the merchandise...
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Accounting
Read the reguirements. Data table Requirements 1. Prepare a perpetual inventory record for the merchandise inventory using the FIFO inventory costing method. 2. Propare a perpetual imemtory record for the merchandise imventory using the LFO inventory costing method. 3. Prepare a perpetual inventory record for the merchandise inventory using the weighted-average inventory coting methed. 4. Determine the compary/ cost of goods sold for August using FIFO, LIFO, and weighted-everage imventory costing methods. 5. Compute gross proft for August using FIFO, LIFO, and weighted-average imventory costing methods. 6. If the business wanted to maximire gross profit, which method would it select
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