Assume that Wake Up Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory:

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.)

Jun. 1	Beginning merchandise inventory	18 units @ $28 each
Jun. 12	Purchase	8 units @ $29 each
Jun. 20	Sale	14 units @ $35 each
Jun. 24	Purchase	12 units @ $31 each
Jun. 29	Sale	18 units @ $35 each