ercise World began January with merchandise inventry of 90 crates of vitamins that cost a total of $5,850. During the month Esercise World purchased and sold merchandise on account as follows Description Date Jan 2 Jan 5 Jan 16 Jan 27 Purchase Sale Quantity 130 crates 576 each 140 crates 5100 eaclh 170 crates @ $86 Sale 180 crates 5104 each Required: Calculate the value of (i) ending inven assumptions, following a periodic inventory approach. tory, (ii) cost of goods sold and, (ili) gross profit using the LIFO and Average cost flow LIFO-GP LIFO-E LIFO-COGS Avg.GP Avg-COGS Avg-EI