O of merchandise Inventory that cost $82 each. During December, the store made their purchase al count at December 31 Indicates that 80 units of merchandise inventory are on hand cost of goods sold amounts for the December financial statements using the FIFO, UFO, and were inventory caving methods we Requirements Data Table oute eigl Dec. 3 Dec. 12 1. Determine the ending merchandise inventory and cost of goods sold amounts for the December financial statements using the FIFO, LIFO, and weighted-average inventory costing methods 2. Sales revenue for December totaled 526,000 Compute 25th Century's gross profit for December using each method 3. Which method will result in the lowest income taxes for 25th Century? Why? Which method will result in the highest net income for 25th Century? Why? 250 each 30 units 595 cc 35 units@596 each Dec. 18 Print Done Print Done an Show Work O of merchandise Inventory that cost $82 each. During December, the store made their purchase al count at December 31 Indicates that 80 units of merchandise inventory are on hand cost of goods sold amounts for the December financial statements using the FIFO, UFO, and were inventory caving methods we Requirements Data Table oute eigl Dec. 3 Dec. 12 1. Determine the ending merchandise inventory and cost of goods sold amounts for the December financial statements using the FIFO, LIFO, and weighted-average inventory costing methods 2. Sales revenue for December totaled 526,000 Compute 25th Century's gross profit for December using each method 3. Which method will result in the lowest income taxes for 25th Century? Why? Which method will result in the highest net income for 25th Century? Why? 250 each 30 units 595 cc 35 units@596 each Dec. 18 Print Done Print Done an Show Work