Requirement 3. Compute coat of goods sold and gross profit using the weighted-average inventory costing method. (Round weightiod werage cont per unt to the nearest cert and at cher anount to the nearest dollar.) Begin by computing the cost of goods sold and cost of ending merchandise inventory using the weighted-average imventory cosing method. Entor the lransactions in chronological erder, cakulating new inventory on hand balances ater each transaction. Once al of the transactions have been entered into the perpebual record, calcuale the quantily and toal cost of mevchandise invertory purchased, sold, and on hand at the end of the period. Compute gross proft using the weighsed-average inventory cossing method. Gross profit is using the weighted average imentory costing mothod Requirement 4. Which method resuls in the largest gross proft, and why? The method results in the largest gross profit because during times of inventory prices, this metrod will produce the cost of goods sold. More info