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PLESE URGENT URGENT SOLVE PLEASE!!!!!!!!!!!!!! Assume that Wake Up Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the

PLESE URGENT URGENT SOLVE PLEASE!!!!!!!!!!!!!!

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Assume that Wake Up Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: (Click the icon to view the transactions.) Requirements 1. Compule 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. Compule 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.) TRound 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. Requirement 2. Requirement 1. FIFO Requirement 3. Weighted-Average More Info LIFO Beginning merchandise inventory Plus: Net purchases Cost of goods available for sale Jun. Less: Ending merchandise inventory Beginning merchandise inventory 12 Purchase 20 Sale 24 Purchase 29 Sale 18 units @ 13 units @ 14 units @ 18 units@ 21 units @ S S $ $ $ 19 each 20 each 31 each 23 each 31 each Cost of goods sold Now compute the gross profit under each inventory costing method. Requirement 1. FIFO Requirement 2. LIFO Requirement 3. Welghted-Average Print Done Sales Revenue Cost of Goods Sold Gross Profit

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