Save Suppose a Johnson store in Hartville, Missouri, ended September 2018 with 1.200.000 units of merchandise that cost $5 each Suppose the store then sold 90,000 units for $580,000 during October. Further, assume the store made two large purchases during October as follows (Click the icon to view the purchase information) Read the requirements Requirement 1. Calculate the store's gross profit under both FIFO and LIFO at October 31. FIFO LIFO Sales revenue 580,000 580,000 Cost of goods sold 540,000 Gross prof 40,000 Data table Oct 6 24 35,000 units @ $4.10 - $ 50.000 units @$3.20 - 5 143.500 160.000 Print Done