14!! help!!

nsactions for a line of tires: FO inventory costing method. se inventory using the FIFO inventory costing method. Enter the transactions in chronological order, ce calculate the quantity and total cost of merchandise inventory purchased sold and on hand at the en Sold 6 More Info Jul. 1 Beginning merchandise inventory Jul. 11 Purchase Jul. 23 Sale 28 tires @ $70 each 7 tires @ $80 each 14 tires @ $90 each 21 tires @ $62 each 25 tires @ $90 each Jul. 26 Purchase Jul. 29 Sale Print Done question ctions for a line of tires: inventory costing method. eventory using the FIFO inventory costing method. Enter the transactions in chronological ord 0 Requirements X 1 2. 1. Compute cost of goods sold and gross profit using the FIFO inventory costing method. Compute cost of goods sold and gross profit using the LIFO inventory costing method. 3. Compute cost of goods sold and gross profit using the weighted-average inventory costing method. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar.) 4. Which method results in the largest gross profit, and why? Print Done stion. Assume that BR Tire Store completed the following perpetual inventory transactions for a line of tires: (Click the icon to view the transactions.) Read the walicemania weyuni e WE UF you on y usa pronary very w Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transaction Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jul. 1 11 23 26 29 Totals A menetrend the financing method Enter any number in the edit fields and then continue to the next question Compute gross profit using the FIFO inventory costing method. Gross profit is using the FIFO inventory costing method. Requirement 2. Compute cost of goods sold and gross profit using the LIFO inventory costing method. Begin by computing the cost of goods sold and cost of ending merchandise inventory using the LIFO inventory conting method Enter the transactions in chronological orde Once all of the transactions have been entered into the perpetual record, calculato the quantity and total cont of merchandise inventory purchased, sold, and on hand at the Cost of Goods Sold Inventory on Hand Unit Unit Unit Quantity Quantity Cost Quantity Purchases Total Total Cost Date Cost Total Cost Cost Cost Jul 1 11 23 26 29 Enter any number in the edit fields and then continue to the next question Totals Compute gross profit using the LIFO inventory costing method. Gross profit is using the LIFO Inventory costing method. Requirement 3. Compute cost of goods sold and gross profit using the weighted average inventory costing method. (Round weighted average cost per unit to the neare Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted-average inventory costing method. Enter the transactions in chu transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Jul. 1 11 23 26 29 Totals Enter any number in the edit fields and then continue to the next question Gross profit is Computer gross profit using the weighted average Inventory costing method uning the weighted average inventory coating method Requirement 4. Which method results in the largest grous profit, and why? The method results in the largout groen profit because during times of Inventory prion, this method wil produce the cost of goods sold Enter any number in the edit fields and then continue to the next