Requirements 1., 2., and 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the (1) FIFO inventory costing method, (2) LIFO inventory costing method, and (3) weighted-average inventory costing method. (Round 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 1. FIFO Requirement 2. LIFO Beginning merchandise inventory 416 Plus: Net cost of inventory purchased Cost of goods available for sale 913 1,329 Less: Ending merchandise inventory (363) $ 966 Cost of goods sold More info Jun. 1 Beginning merchandise inventory 16 units @ $26 each Jun. 12 Purchase 11 units @ $29 each Jun. 20 Sale Jun. 24 Purchase Jun. 29 Sale Print Done 13 units @ $36 each 18 units @ $33 each 21 units @ $36 each