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Up-10-Date Electronic Contor began Decomber wilh 90 units of morchandise inventory that cost $70 each. During December, the store made the following purchases. (Click the kcon to view the purchasen.) Up-to-Date uses the periodic inventory system, and the physical count at December 31 indicates that 110 units of merchandise inventory are on hand Read the requiremerts Requirement 1. Dotermite the ending morchandise imventory and cost of goods sold amounts for the December financial statenients using the FiFO, LiFO, and welghiediaverage Requirements 1. Delenwe the knding merchandise inveltory ind cost of joods sold ameunts for the Decemter thancial tatiments uiling tha FIF O. Uf Oo and wellived inerepe invertory coithoy methods 2. Ssles revenime for Decenter lodaled 327,000 Cormpule Up-10-Datei' gross plota for Decentber toring each nethed. 3. Whict inetod wal rout in he lusest incune toxes for Up-10-Dator Why