Score: 0 of 1 pt 8 of 9 7 complete) HW Score: 66.07%, 17.84 of 27 pts E5-18 (similar to) Question Help Suppose a Williams store in Ottawa, Ontario, ended July 2020 with 950,000 units of merchandise that cost an average of ss each. Suppose the store then sold 900,000 units for $7.5 million during August. Further, assume the store made two large purchases during August as follows: August 90,000 units @ 8.7 = $630,000 28 350,000 units @ SO $ 2,100,000 Required 1. At August 31, the store manager needs to know the store's gross profit under both FIFO and weighted average cost Supply this information Williams uses the periodic inventory system 2. What caused the FIFO and weighted average cost gross profit figures to differ? 13 Requirement 1. A1 August 31, the store manager needs to know the store's gross profit under both FIFO and weighted average cost, Supply this information Williams uses the periodic inventory system (Round all calculations to one decimal place.) Millions Weighted Gross profit Average-Cost FIFO Gross profit