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. 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

More info

$\backslash$table$[[$Jun$.1,$Beginning merchandise inventory,$23$ units @ $$26$ each$],[$Jun$.12,$Purchase,$10$ units @ $$30$ each$],[$Jun$.20,$Sale,$13$ units @ $$36$ each$],[$Jun$.24,$Purchase,$13$ units @ $$33$ each$],[$Jun$.29,$Sale,$21$ units @ $$36$ each$]]$

Requirements

Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method.

Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method.

Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted$-$average inventory costing method. $($Round weightedaverage cost per unit to the nearest cent and all other amounts to the nearest dollar.$)$