16 of 16 (11 complete Assume a Championship outlet store began December 2018 with 50 units of inventory that cost $18 each. The sales price of these units was $74 During December, the store completed these inventory transactions (Click the icon to view the inventory transactions) Requirements 1. Determi 2. Compute Requirement 1. Determine the store's cost of goods sold for December under the periodiconto.custom Accumadha Filmothad Data Table Units Unit Cost Unit Sale Price Beginning inventory Ending inventory Total purchases Total revenue Dec 20 $ 3 Sale 5 74 18 8 Purchase 86 19 76 30 11 Sale 18 74 Requirement 2. Compute the store's gross profit for December 5 19 Sale 19 76 34 24 Sale 19 76 Less 19 20 77 30 Purchase 10 19 76 Gross profit 31 Sale Print Done