The following inventory volume purchases, costs and sales activities were taken from the October accounting records of Alexa Merchandising Company. Assuming the company currently uses FIFO periodic inventory management system, compute the following required information for performance evaluation: 1. Merchandise Inventory, Ending; 2. Cost of Goods Sold; 3. Gross Profit. Date Beginning inventory 1-Oct 2-Oct 4-Oct 6-Oct 8-Oct. 10-Oct 12-Oct 14-Oct| 16-Oct| 18-Oct 20-Oct Purchases Units 550 900 950 900 900 900 500 400 300 400 500 600 Cost 5.00 5.25 5.30 5.35 5.40 5.45 5.75 6.00 6.25 6.10 6.00 5.75 Date 3-Oct 5-Oct 7-Oct 9-Oct 11-Oct 13-Oct 15-Oct 17-Oct 19-Oct 21-Oct Sales Units 1,300 1,000 800 600 1,000 800 600 Price 9.00 9.00 9.00 9.00 9.25 9.25 9.25 9.25 9.30 9.30 300 500 200