Assume that Cup $\text{'}$O Joe Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory:

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.$)$

Jun. $1$ Beginning merchandise inventory

$24$ units @ $$21$ each

Jun. $12$ Purchase

$9$ units @ $$24$ each

Jun. $20$ Sale

$13$ units @ $$37$ each

Jun. $24$ Purchase

$13$ units @ $$26$ each

Jun. $29$ Sale

$21$ units @ $$37$ each