core:0 of 22 pts 3013(3 complete) P6A-32A (similar to) Right Now Electronic Center began December with 65 units of merchandise inventory that cost $82 each During December, the store made the following purchases (Click the icon to view the purchases ) Right Now uses the periodic inventory system, and the physic al count at December 31 indicates that 80 unds of merchandise inventory are on hand Read the requirements Requirement 1. Determine the ending merchandise inventory and cost of goods sold amounts for the December financial statements using the FIFO, LIFO, and weighted-average inventory costing methods FIFO 74106.680 Ending inventory Cost of goods sold 7,040 6,600 6.230 6,960 Requirement 2. Sales revenue for December totaled $21,000 Compute Right Now's gross profit for December using each method 1 Data Table FIFO Cost LIFO Cost Weighted-average Gross profit Dec. 3 25 unts e s 90 each 12 30 unts@ $ 90 each 18 35 unts@S%each Print Done Enter any number in the ear neds and then caCK Check Answer Clear All remaining