Assume that Bean Town Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory (Cick the icon to view the transactions) Requirements Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method 2. Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method 3. Compute endng merchandise inventory, cost of goods sold, and gross proft using the weighted-average inventory costing method. (Round woighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar) 1 Requirements 12, and 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the (1) FIFO inventory costing method, (2) LIFO inventory costing method, and (3) weighted-average inventory costing method. (Round weighted-average cost per unit to the nearest oent and all other amounts to the nearest dolar,) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods. Requirement 3. Requirement 1. Requirement 2. LIFO Weighted-Average FIFO Salos revenue Plus Choose from any list or enter any number in the input felds and then continue to the next question. 244 PM ENG an7/2019 Type here to search DELL Assume that Bean Town Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory (Click the icon to view the transactions.) Requirements 1. Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method. 2. Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted-average inventory costing method. (Round weighted-a amounts to the nearest dollar.) Plus Less Cost of goods sold Now compute the gross profit under each inventory costing method Requirement 1. Requirement 3. Requirement 2. FIFO LIFO Weighted-Average Choose from any list or enter any number in the input fields and then continue to thee next question Type here to search DELL TT Assume that Bean Town Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the icon to view the transactions.) Requirements 1. Compute endiing merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method 2. Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIIFO inventory costing method. 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted-average inventory costing method. (Rounc amounts to the nearest dollar.) Cost of goods sold Now compute the gross profit under each inventory costing method. Requirement 1. Requirement 2. Requirement 3. FIFO LIFO Weighted-Average Sales Revenue Cost of Goods Sold Gross Profit Choose from any list or enter any number in the input fields and then continue to the next question Type here to search DLL merchandise inventory: ry costing method. rag Xother i More Info 16 units @$ 22 each 1 Beginning merchandise inventory Jun. 26 each 4 units @$ 12 Purchase $ 33 each 10 units @ 20 Sale 12 units @ $ 27 each 24 Purchase $ 16 units @ 33 each 29 Sale Done Print n
