Assume that mug ondt shop completed the following porodic inventory transactions for a line of merchandise inventory Click the icon to view the transactions.) Read the requirements 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 Plus: Net cost of inventory purchased Cost of goods available for sale Less Ending merchandise inventory Cost of goods sold 384 504 1050 - 1 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) Print Done More Info Jun 1 Beginning merchandise inventory Jun. 12 Purchase Jun. 20 Sale Jun, 24 Purchase Jun 29 Sale 24 units @ $16 ench 6 units @ $20 each 14 units @ $30 each 16 units @ $24 each 21 units @ $30 each Print Done