Up - 10Dato lectronic Center begon October win 10 units of merchandise inventory that cost $74 each During October, the store made the following purchases m Click the icon to view the purchases) Up-to-Dato war me periodic inventory system, and the physical count at October 31 ndicates that 10 unts of merchandise nventory wro on hand Read the Requirement 1. Dotermine the ending merchandise inventory and cont of goods told amounts for the October fancial statements using the FIFO UFO and weighted averago viventory costing match FO Ending inventory Cost of goods sold Requirements Data Table - X 1. Determine the ending merchandise inventory and cost of goods sold amounts for the October financial statements using the FIFO, UFO, and weighted average inventory costing methods 2 Sales revenue for October totaled 524 000 Compute Up-to-Date's gross profit for October using each method 3. Which method will result in the lowest income taxes for Up-to-Date? Why? Which method wil rest in the highest income for Up - 10-Date? Why? Oct 3 Oct 12 Oct. 18 20 rus 576 each 30 units 578 each 40 units seach Print Done Print Done