O E6A-26 (similar to) Question He Assume that Mug Shot Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory Click the loan to view the transactions Requirements 1 Compute ending merchandise inventory, cost of goods sold, and grous profit using the FIFO inventory costing method 2 Compute ending merchandise inventory, cost of goods sold, and gross proft using the LIFO inventory costing method 3 Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted average inventory coating method. (Round weighted average cost per unit to the nearest cent and all other amounts to the Requirements Weighted Average More Info Requirement Requirement 2 FIFO LIFO Beginning merchandise inventory $ 323 5 600 600 Cost of goods available for sale 23 Ending merchandise inventory Cost of goods sold Now compute the gross profit under each inventory costing method. Requirement FIFO 923 1252 Beginning merchandise rentory 12 Purchase 17 units 12 units 15 24 Purchase 29 Sale Print Done Cost of Goods Sold Gres Prote Enter any number in the edit fields and then click Check