Requirements 1. Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method. 2. Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method. 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted-average inventory costing method. (Round weighted-average cost per unit to the nearest cent and all other amounts to the nearest dollar.) 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 $ 378 630 - X More Info Beginning merchandise inventory Plus: Net purchases Cost of goods available for sale Less: Ending merchandise inventory 1,008 270 738 Cost of goods sold Jun. 1 Beginning merchandise inventory 18 units @ $ 21 each 12 Purchase 6 units @ $ 24 each 20 Sale 14 units @ $ 33 each 24 Purchase 18 units @ $ 27 each 29 Sale 21 units @ $ 33 each Print Done