Assume that Star Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: A (Click the icon to view the transactions.) Requirements 1. Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method. Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method. 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.) 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. More Info Requirement 1. FIFO Jun. 1 Beginning merchandise inventory 12 Purchase Plus: 20 Sale 21 units @ 3 units @ 12 units @ 17 units @ 19 units @ $ $ $ $ $ 29 each 33 each 38 each 35 each 38 each Less: 24 Purchase 29 Sale Cost of goods sold Print Done