Requirements 1. Determine the ending merchandise inventory and cost of goods sold amounts for the July financial statements using the FIFO, LIFO, and weighted-average inventory costing methods. 2. Sales revenue for July totaled $30,000. Compute 25 th Century's gross profit for July using each method. 3. Which method will result in the lowest income taxes for 25 th Century? Why? Which method will result in the highest net income for 25 th Century? Why? 25th Centary Electronic Center began July with 100 units of merchandse inventory Eunt cost 570 each. During Juy. the store made the following purchaves: iclick ither icon la view the purchises? Read the regumments Requirement 1. Determine the ending mechandise imventory and cout of poods sold amounts for the Why financial statements using the FIFO. LFO, and weigh ind averape inertory costing methods. Data table