3-) (40pts.) Fit World began January with merchandise inventory of 90 crates of vitamins that...
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3-) (40pts.) Fit World began January with merchandise inventory of 90 crates of vitamins that cost a total of \$5,850. During the month, Fit World purchased and sold merchandise on account as follows: Note: Selling prices are given in the table. mequirements 1. Prepare a perpetual inventory table using the LIFO inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory, Calculate gross profit. 2. Prepare a perpetual inventory table using the weighted-average inventory costing method, and determine the company's cost of goods sold, ending merchandise inventory. Caleulate gross profit, 3. Prepare the journal entries using the weighted average inventory costing method, No explanation
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