Tomorrown Electronic Center began December with 60 units of metchandise inventory that cost $68 each, Durng December, the store made the following purchases: (Clek the icon to view the purchases.) Tomorrows uses the periodic inventory sybtem, and the physical count at December 31 indicatos that 90 units of merchandise inventory are on hand Read the requiraments Requirement 1. Dotermine the ending merchandise inventory and cost of goods sold amounts for the December financial statements using the FFO, UFO, and weighted-averago inventory methods: Requirements 1. Determine the ending merchandse inventory and cost of goods sold amounts for the December firarcial statements using the FIFO, LIFO. and weighted atverage irventory conting methods 2. Sales revenue far Decemter lotaled 526,000 . Compude Tomorrows's gross peofit for Becember uting each methed. 3. Which method wil resul in the lowest income laxos for Tomorrows? Why? Which miethod will result in the lighest net income for Tomorews? Wry