PM Homework: Chapter 6 Homework: Inventory and Cost of Goods S Save Score: 0 of 1 pt 2 of 3 (1 complete) HW Score: 21.43%, 0.64 of 3 pts E6-23A (similar to) Question Help Suppose a Masterson store in Kansas City, Missouri, ended May 2021 with 1,100,000 units of merchandise that cost $6 each Suppose the store then nold 100.000 units for 5820,000 during June. Further, assume the store made two large purchases during June as follows: (Click the icon to view the purchase information.) Read the requirements Requirement 1. Calculate the store's gross profit under both FIFO and LIFO at June 30 FIFO LIFO Data Table Gross profit June 12 June 20 35.000 units. 54.10 - $143.500 60.000 units 53.20 = 5192.000 Requirements Print Done 1. Calculate the store's gross profit under both FIFO and LIFO at June 30 2. What caused the FIFO and LIFO gross profit figures to differ? Check ASICS P Pearson 26% 2 40 Search