Assume that Gameland store purchased and sold a line of dolls during December as follows: 1. (Click the icon to view the transactions.) Gameland uses the perpetual inventory system. Read the requirements. Requirement 1. Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the FIFO inventory costing method. the oldest inventory layers first.) Compute the gross profit using the using the FIFO invertory costing method. Gross profit is using the FIFO inventory costing method. Requirement 2. Compute the cost of goods sold, cost of ending marchandise inventory, and gross profit using the LIFO inventory costing method. the oldest inventory layers first.) Compute the gross profit using the using the LIFO inventory costing method. Gross profit is using the LIFO inventory costing mathod. Requirement 3 . Which method results in a higher cost of goods sold? The method with the higher cost of goods sold is Requirement 4. Which method results in a higher cost of ending merchandise inventory? The method with the higher cost of ending merchand se inventory is Requirement 5 . Which method results in a higher gross profit? The method with the higher gross profit is