Electronic Center began December with 70 units of merchandise inventory that cost $ 74 each. During December, the store made the following purchases: LOADING... (Click the icon to view the purchases.) Right Now uses the periodic inventory system, and the physical count at December 31 indicates that 80 units of merchandise inventory are on hand. Read the requirements LOADING.... 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.

Data Table

Dec.3 20 units @$76each

12 30 units @$78each

18 40units @$94each