Missouri, ended November 2016 with 650,000 units of merchandise that cost $4 each. Suppose the store thn sold 110,000 units for $980,000 duning Dec 30,000 units$2.10$63,000 20 35,000 units $1.20 42,000 1. Calulate the store's gross profit under both FIFO and LIFO at December 31 2. What caused the FIFO and LIFO gross proft figures to differ? 31 FIFO LIFO