@mathxl.com/Student/PlayerHomework.aspx homeworkld-571385789&questsonid-2&tushed-false&cid=61173548.centerwin-yes 2020F ACCT203 VA Principles of Accounting 1 Laramie Gasper & 09/10/20 7:07 PM Homework: Chapter 6 Homework Save Score: 7 of 28 pts 2 of 3 (2 complete) HW Score: 20.93%, 9 of 43 pts Question Help E6A-26 (similar to) Assume that Star Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory i (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) - X More info Jun Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods Requirement 1. Requirement 2 FIFO LIFO Beginning merchandise inventory $ 450 Plus Net purchases 1,095 Cost of goods available for sale 1,545 Less Ending merchandise inventory (407) $ Cost of goods sold 1.138 1 Beginning merchandise inventory 12 Purchase 20 Sale 24 Purchase 29 Sale 15 units @ $ 30 each 13 units @ 5 33 each 14 units @ $ 38 each 18 units @ $ 37 each 21 units @S 38 each ? Print Done Enter any number in the edit fields and then click Check Answer Check Answer Clear All 4 remaining parts F 00 7:07 PM 9/10/2020 O I Type here to search