Please Help

More info Dec. 1 Beginning merchandise inventory 8 Sale 14 Purchase 21 Sale 14 8 16 15 units @ $9 each units @ $26 each units@ $ 16 each units@ $26 each - Requirements 1. Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the FIFO inventory costing method. 2. Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the LIFO inventory costing method. 3. Which method results in a higher cost of goods sold? 4. Which method results in a higher cost of ending merchandise inventory? 5. Which method results in a higher gross profit