Assume that ironinboer Tire Siore compleled the followng perpetual inventory transactions for a line of tres: (i) Click the ison to view the transactions? Read the tequirements: Requlrement 1. Compute cost of goods sold and gross prefit using the FIFO imventory cosing method. Begin by compuing the cost of goods sold and cout of ending merchundive inventary using the FlFO inventory costog method. Enter the transactions in chronological order, calculasing new sold, and on hand at the end of the period (Enter the oldest imvertory layents frst) st of goods sold and gross profit using the FIFO inventory costing method. More info Compute cost of goods sold and gross profit using the FIFO inventory costing method. Requirements 1. Compute cost of goods sold and gross profit using the FIFO inventory costing method. 2. Compute cost of goods sold and gross profit using the LIFO inventory costing method. 3. Compute 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.) 4. Which method results in the largest gross profit, and why