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please solve requirement 2. Thank you! Assume that BR Tire Store completed the following perpetual inventory transactions for a Ine of ires: d) (Cick the

please solve requirement 2. Thank you! image text in transcribed
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Assume that BR Tire Store completed the following perpetual inventory transactions for a Ine of ires: d) (Cick the icon to view the transactions) Requirement 2. Compute cost of goods sold and gross proft using the LIFO inventory costing method Begin by computing the cost of goods sold and cost of ending merchandise inventery wing the LiFO inventory costing method, Enter the transactions in chrondogical order, calculating new inventory on hand bolances after each transacticn. Once all of the transactions bave been entered into the peepetual record, calculate the quanety and tolal cost of nierchandse invensiory purchased, sold, and on hand at the end of the period. (Enter the oidest inventory toyers first) Computa gross proft using the LiFO inventory costing method Cross proct is using the LIFO inventory oosting method More info

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