Assume that Wake Up Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory (Click the loon to view the transactions.) 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.) 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. i More Info Requirement 1. FIFO Jun. 27 units @ $ 20 each Plus: 22 each 1 Beginning merchandise inventory 12 Purchase 20 Sale 24 Purchase 30 each Less: 4 units @ $ 13 units @ $ 12 units @ $ 21 units @ $ 26 each Cost of goods sold 29 Sale 30 each Print Done Assume that Wake Up Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (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.) 2 3 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 20 Sale 20 each 22 each 27 units @ $ 4 units @ $ 13 units @ $ 12 units $ Beginning merchandise inventory Cost of goods available for sale Ending merchandise inventory Sales revenue each 24 Purchase 29 Sale 26 each 30 each 21 units $ Print Done Assume that Wake Up Coffee Shop completed the following periodic Inventory transactions for a line of merchandise Inventory: (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. 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) 2. Requirements 1., 2., and 3. Compute encing 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. i More Info Requirement 1. FIFO Jun Plus 1 Beginning merchandise inventory 12 Purchase 20 Sale 27 units 2$ 20 each 4 units @ $ 22 each 13 units @ $ 30 each 12 units @ $ 26 each 21 units @ $ 30 each Less: Cost of goods available for sale Ending merchandise inventory 24 Purchase Cost of Net purchases 29 Sale Sales revenue Print Done