Required a. Assume that Dickhaut makes no further purchases during Year 8. Compute its gross profit for Year 8. Note: Do not use a negative sign with your cost of goods sold amount. Sales revenue is Cost of goods sold Gross prolit b. Assume that Dickhaut purchases 3,600 units for $70 per unit before the end of December Year 8 , so that it maintains its balance of inventory at 4,000 units. Compute its gross profit for Year 8. Note: Do not use a negative sign with your cost of goods sold amount. c. How should Dickhaut disclose the LIFO liquidation if it chooses not to make a year-end purchase? Disclosure note: Gross profitwas ] by! due to LIFO liquidation. Note: Use a negative sign to indicate a cash outflow in the schedule that follows. units should be purchased before year-end based on the cash flow analysis provided in the schedule above. Required a. Assume that Dickhaut makes no further purchases during Year 8. Compute its gross profit for Year 8. Note: Do not use a negative sign with your cost of goods sold amount. Sales revenue is Cost of goods sold Gross prolit b. Assume that Dickhaut purchases 3,600 units for $70 per unit before the end of December Year 8 , so that it maintains its balance of inventory at 4,000 units. Compute its gross profit for Year 8. Note: Do not use a negative sign with your cost of goods sold amount. c. How should Dickhaut disclose the LIFO liquidation if it chooses not to make a year-end purchase? Disclosure note: Gross profitwas ] by! due to LIFO liquidation. Note: Use a negative sign to indicate a cash outflow in the schedule that follows. units should be purchased before year-end based on the cash flow analysis provided in the schedule above