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Assume that Cup 'O Joe Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the icon to view the transactions.) Read the requirements. Requirements 1., 2., and 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the (1) FIFO inventory costing method, (2) LIFO inventory costing method, and (3) weighted average inventory costing method. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods. - X Requirement 1. Requirements FIFO Plus 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.) Less: Cost of goods sold X More Info Print Done Jun. 1 Beginning merchandise inventory Jun. 12 Purchase Jun. 20 Sale 17 units @ $16 each 9 units @ $17 each 12 units @ $38 each 10 units @ $21 each 18 units $38 each Jun. 24 Purchase Jun. 29 Sale