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.) Read the requirements. Requirements 1., 2., 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 cent and all other amounts to the nearest dollar. Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods. Requirement 1 FIFO Requirement 2 LIFO Requirement 3. Weighted Average Plus Less: Cost of goods sold Now compute the gross profit under each inventory costing method Requirement1 FIFO Requirement 2 LIFO Requirement 3 Weighted Average Sales Revenue Cost of Goods Solo Choose from any list or enter any number in the input fields and then continue lo lle next question ? O BE V con Pigs completed the following periodic inventory transactions for a line of merchandise ir 1 Requirements ho 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, cos: 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 nder each inventory costing metioc Requirements Welge umfeldthen Accounting ACC-201-OLOZ apter 6 Pre-Test 1 pt 2 of 5 (0 complete) 7 x More Info nar 16 units @ $20 each en Jun. 1 Beginning merchandise inventory Jun. 12 Purchase 8 units @ $33 each 9 units @ $38 each 12 units @ $35 each the ber! Jun. 20 Sale doll Jun. 24 Purchase 10 units @ $38 each Jun. 29 Sale Done pute the gross profit under each nventory costing metnog Requirements Requirement FIFO Requirement 2 LIF Weighted.ee Soods