- More Info Requirements Dec. 1 Beginning merchandise Inventory 8 Sale 11 units @ $ 10 each 9 units @ $ 19 each 18 units@ $ 16 ench 13 units $ 19 each 14 Purchase 21 Sale 1. Compute the cost of goods sold, cost of onding merchandise inventory, and gross profit using the FIFO inventory conting method. 2 Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the LIFO inventory conting method. 3. Which method results in a higher cost of goods sold? 4. Which method results in a higher cost of ending merchandine inventory? 5. Which method results in a higher gross profit? Print Done Print Done Unit Unit Cost Total Cost Total Cost Date Quantity Quantity Cost TUNITY CORE COLE Help Me Solve This e Text Pages Get More Help Clear All Check Answer Next Previous MacBook 90 A ** OG $ 8 * % 5 & 7 6 8 9