Suppose a Waldorf store in Easton, Missouri, ended March 2018 with 750,000 units of merchandise that cost $8 each. Suppose the store then sold 80,000 units for $760,000 during April. Further, assume the store made two large purchases during April as follows: (Click the icon to view the purchase information.) X i Requirements Read the requirements. Requirement 1. Calculate the store's gross profit under both FIFO and LIFO at April 30. 1. Calculate the store's gross profit under both FIFO and LIFO at April 30. 2. What caused the FIFO and LIFO gross profit figures to differ? FIFO LIFO Sales revenue 760,000 $ 760,000 Print Done Cost of goods sold Data Ta Gross profit Apr 12 $ 122,000 20,000 units @ $6.10 50,000 units @ $5.20 25 $ 260,000 Suppose a Waldorf store in Easton, Missouri, ended March 2018 with 750,000 units of merchandise that cost $8 each. Suppose the store then sold 80,000 units for $760,000 during April. Further, assume the store made two large purchases during April 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 April 30. FIFO LIFO Sales revenue $ 760,000 $ 760,000 Cost of goods sold Gross profit