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Reght Now Electonic Cenler began July with 90 units of merchandise inventory that cost fe0 esch. During July, the store made the following purchases: (Click

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Reght Now Electonic Cenler began July with 90 units of merchandise inventory that cost fe0 esch. During July, the store made the following purchases: (Click the icon to view the purchases.) Right Now uses the periodic inventory system, and the physical court at duly 31 indicates that 140 units of merchandise inventory are on hand. Read the reguirerrents. Requirement 1. Determine the ending morchandise iventory and cost of goods sold amounta for the July financial statements using the FIFO, LIFO, and woighted-average inventory costing methods. Requirements 1. Determine the endirg merchandise inventory and cost of goods sold amounts for the Juty frandal statements uting the FIFO, UFO, and weighted-average irmericery costing methods. 2. Saies revenue for July Botaled 575,000 , Compute Roght Now' gros proft fer: dily using each method 3. Which method wili resut in the lowest income taxes for Roght Now? Why? Which methad will resul in the highest net inceme for Right Now? Why? Data table Reght Now Electonic Cenler began July with 90 units of merchandise inventory that cost fe0 esch. During July, the store made the following purchases: (Click the icon to view the purchases.) Right Now uses the periodic inventory system, and the physical court at duly 31 indicates that 140 units of merchandise inventory are on hand. Read the reguirerrents. Requirement 1. Determine the ending morchandise iventory and cost of goods sold amounta for the July financial statements using the FIFO, LIFO, and woighted-average inventory costing methods. Requirements 1. Determine the endirg merchandise inventory and cost of goods sold amounts for the Juty frandal statements uting the FIFO, UFO, and weighted-average irmericery costing methods. 2. Saies revenue for July Botaled 575,000 , Compute Roght Now' gros proft fer: dily using each method 3. Which method wili resut in the lowest income taxes for Roght Now? Why? Which methad will resul in the highest net inceme for Right Now? Why? Data table

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