tequirements 1. Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method. 2. Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method. 3. Compute ending merchandise inventory, cost of goods sold, and gross profit using the weighted average inventory costing method. (Round weighted- average cost per unit to the nearest cent and all other amounts to the nearest dollar.) Print Done Jun. 1 Beginning merchandise inventory Jun. 12 Purchase Jun. 20 Sale 18 units @ $19 each 6 units @ $20 each 12 units @ $40 each 15 units @ $23 each 16 units @ $40 each Jun. 24 Purchase Jun. 29 Sale Print Done Asume that Cup Joo Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory Click the icon to view the transactions.) Read the requirements Requirementa 1., 2., and 3. Compute ending merchandise inventory, cost of goods sold and gross profit using the (1) FIFO inventory conting method, (2) LIFO invertory conting method, and we (Round weighted average cost per unit to the nearest cont and all other amounts to the nearest dollar) Begin by determining ending merchandise inventory and cost of goods sold under each of the tree methods Requirement 1. Requirement 2 Requirements FIFO LIFO Weighted Average Plus Cost of goods sold Now compute the gross profit under each inventory costing method Requirement 1. Requirement 2 FIFO LIFO Sales Revenue Cost of Goods Sold Requirements Weighted Average Gross Profit Choose from any list or enter any number in the input fields and then continue to the next question DOO