Assume that Crave Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory:

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 inventary 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.

$\backslash$table$[[,$Requirement $1.],[,$FIFO$],[,],[,]]$

Transactionst

$\backslash$table$[[$Jun$.1,$Beginning merchandise inventory,$15$ units @ $$22$ each$],[$Jun$.12,$Purchase,$8$ units @ $$23$ each$],[$Jun$.20,$Sale,$10$ units @ $$30$ each$],[$Jun$.24,$Purchase,$12$ units @ $$24$ each$],[$Jun$.29,$Sale,$16$ units @ $$30$ each$]]$