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Assume that Mug Shot Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the icon to view the transactions)

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Assume that Mug Shot Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the icon to view the transactions) Read the requirements dollar) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods. Requirement 1. Requirement 2. Requirement 3. FIFO LIFO Weighted-Average Plus: Less: ts Cost of goods sold Now compute the gross profit under each inventory costing method. Requirement 1. Requirement 2. FIFO LIFO Requirement 3 Weighted-Average Sales Revenue Cost of Goods Sold Gross Profit Choose from any list or enter any number in the input fields and then continue to the next question. X More Info Jun. 1 Beginning merchandise inventory 22 units @ $18 each Jun. 12 Purchase 6 units @ $19 each Jun. 20 Sale Jun. 24 Purchase 12 units @ $34 each 19 units @ $20 each 21 units @ $34 each Jun. 29 Sale Print Done

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