Assume that Stoeirubber Tire Store completed the following perpetual inventory transactions for a line of tires Click the icon to view the transactions) Read the requirements Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased sold, and on hand at the end of Purchases Cost of Goods Sold Inventory on Hand * More Info Total Unit Quantity Cost Quantity Cost Quantity Unit Cost Unit Date Jul 1 Total Cost Total Cost Cost 11 23 Jul. 1 Beginning mer Jul 11 Purchase Jul. 23 Sale Jul 25 Purchase Jul 29 Sale 26 Totals Entot any number in the edit folds and then click Check Answer ting method Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions sed sold, and on hand at the end of the penod (Enter the oldest inventory layers fest.) More Info - X Total Cost Jul 1 Beginning merchandise inventory Jul, 11 Purchase Jul. 23 Sale Jul 26 Purchase Jul 29 Sale 20 tres 563.ch 12 tres $87 och T If 10% V 02 (1) 14 tros $90 each 16 tiron 5102 och Requirements Print Don 1 2 3. Compute cost of goods sold and gross proting the Frontar costing method Compute cost of goods sold and gross profit using the LIFO ventory costing method Compuie cost of goods sold and gross profit use the weighted average Inventory costing method (Round weighted average copet und to the nearest contand the amounts to the nearest dolar Which method results in the gestros profit, and why? 4 Clow All LAS