Assume that Dunk Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: LOADING...(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-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) 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 Beginning merchandise inventory $357 Plus: Net purchases 602 Cost of goods available for sale 959 Less: Ending merchandise inventory (260) Cost of goods sold $699 Requirement 2. LIFO 959 Enter any number in the edit fields and then click Check Answer. 4 parts remaining More Info Jun. 1 Beginning merchandise inventory 17 units @ $21 each 12 Purchase 12 units @ $22 each 20 Sale 14 units @ $31 each 24 Purchase 13 units @ $26 each 29 Sale 18 units @ $31 each