Homework: BA211: Chapter 6 Graded Homework Assignment Score: 2.31 of 5 pts 4 of 4 (4 complete) HW Score: 74.83%, 14.97 P6A-37B (similar to) Question Hel Best Yet Electronic Center began December with 100 units of merchandise inventory that cost $70 each. During December, the store made the following purchases: E! (Click the icon to view the purchases.) Best Yet uses the periodic inventory system, and the physical count at December 31 indicates that 130 units 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 LIFO Weighted average Ending inventory 11,350 9,460 10,400 Cost of goods sold 9,050 10,940 10,000 Requirement 2. Sales revenue for December totaled $25,000. Compute Best Yet's gross profit for December using each method. FIFO Cost LIFO Cost Weighted average Data Table Gross profit 1 Dec 3 12. 35 units @ $ 82 each 45 units @ $ 84 each 75 units @ $ 90 each 18 Print Done Enter any number in the edit fields and then click Check Answer. Check Answer Clear All 2 parts remaining er using each method. - X Data Table Dec. 3 35 units @ $ 82 each 12 45 units @ $ 84 each 18 75 units @ $ 90 each Print Done Check