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Asume that dumq Colve shop comploted the following poriodo inventory Iransactioni for a line of merehandie invertory. 1) [Cick the icon to vew the trarmacions)

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Asume that dumq Colve shop comploted the following poriodo inventory Iransactioni for a line of merehandie invertory. 1) [Cick the icon to vew the trarmacions) Read the ponatsentits. Now compute the gross profit under each inventory costing method. v 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 inventtry, cost of goods sold, and gross profit using the weighted-average inventory costing method. (Round weightedaverage cost per unit to the nearest cent and all other amounts to the nearest dollar.)

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