E6A-26 (similar to) Question Help Assume that Wake Up Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the icon to view 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 inventory, cost of goods sold, and gross profit using the weighted average inventory costing method. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dollar.) 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.) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods. Beginning merchandise inventory Plus: Net purchases Cost of goods available for sale Requirement 1. FIFO 672 758 1430 Less: Ending merchandise inventory Cost of goods sold Choose from any list or enter any number in the input fields and then click Check Answer. More Info - - X Jun. 1 Beginning merchandise inventory 12 Purchase 20 Sale 24 units @ 5 units @ 14 units @ 19 units @ 20 units @ $ $ $ $ $ 28 each 30 each 38 each 32 each 38 each 24 Purchase 29 Sale Print Done