5 con Data Table W - X bid for Dece cember Decer Unit Sale Price Dec Units 14 85 31 Unit Cost $ 17 18 17 3 Sale 8 Purchase ....... 11 Sale .......... . .. 19 Sale ......... 24 Sale 30 Purchase .... 31 Sale imber Print Done fields and O BI = L ON THE 39% JOOOOOOO Assume a Whitewater outlet store began December 2018 with 45 units of inventory that cost $17 each. The Requirements sales price of these units was $74. During December, the store completed these inventory transactions: 1. Determine the store's cos HER (Click the icon to view the inventory transactions.) the FIFO method. 2. Compute the store's gross Requirement 1. Determine the store's cost of goods sold for December under the periodic inventory system. Assume the FIFO method. Plus: Cost of goods available Less: Cost of goods sold Requirement 2. Compute the store's gross profit for December. Less: Gross profit