E6A-26 (similar to) Question Help Assume that Star Coffee Shop completed the following periodic inventory transactions for a ine of merchandise inventory (Cick the loon to view the transactions) 1. Compute ending merchandise inventory, oost of goods sold, and gross profit using the FIFO inventory costing method 2. Compute ending menchandise inventory, cost of goods sold, and gross profit using he LIFO inventory costing method Begin by determining ending merchandse inventory and cost of goods sold under each of the tree methods Plus Cost of goods sold inventory transactions for a line of merchandise inventory ld, and gross profit using the FIFO inventory costing method. ld, and gros per i More Info ventory, cost d all other am cos Jun. 1 Beginning merchandise inventory 22 units $ 29 each 3 units @ $ 33 each 9 units S 40 each 18 units @ $35 each 19 units@ 40 each of goods sold 12 Purchase 20 Sale 24 Purchase 29 Sale t 1. Print Done ields and then click Check