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

Jun.	1	Beginning merchandise inventory	25	units @	$22	each
	12	Purchase	3	units @	$24	each
	20	Sale	14	units @	$34	each
	24	Purchase	17	units @	$28	each
	29	Sale	20	units @	$34	each

QUESTION: 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:

	REQUIREMENT1 FIFO	REQUIREMENT2 LIFO	REQUIREMENT3 WEIGHTED-AVERAGE
PLUS:
LESS:	______________	_____________	_________________
COST OF GOODS SOLD	______________	_____________	_________________