Suppose a Dover store in Easton, Missouri, ended November 2018 with 1,200,000 units of merchandise that cost $8 each. Suppose the store then sold 110,000 units for $990,000 during December. Further, assume the store made two large purchases during December 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 December 31. LIFO Gross profit FIFO

Suppose a Dover store in Eastion, Missour, ended November 2018 with 1,200,000 unts of merchandise that cost $8 each, Suppose the store then sold 110,000 units for 5990,000 during December. Further, assume the shore made two large purchases ourng Decenber as folows (Cick the icon to view the purchase information) Read the recuitements Requirement 1. Calculale the stores gross peoti under both FIFO and LIFO at December 31