Best Yet Electronic Center began July with 100 units of merchandise inventory that cost $70 each. During July, the store made the following purchases: E (Click the icon to view the purchases.) Best Yet uses the periodic inventory system, and the physical count at July 31 indicates that 130 units of merchandise inventory are on hand. Read the requirements. Requirement 1. Determine the ending merchandise inventory and cost of goods sold amounts for the July financial statements using the FIFO, LIFO, and weighted average inventory costing methods. FIFO LIFO Data Table 11,350 Ending inventory Cost of goods sold 9,050 Jul. 3 Jul. 12 35 units @ $82 each 45 units @ $84 each 75 units @ $90 each Jul. 18 Print Done Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Check