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Assume that Dunk Coffee Shop completed the following periode ventory transactions for a line of merchandise inventory (Click the icon to view the transactions) Requirements 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) Requirements 1, 2and 3. Compute ending merchandise inventory cost of goods sold, and gross profit using the (1) FIFO inventory costing method, (2) LIFO inventory costing method, and (3) weighted average Inventory costing method. (Round weighted average cost per unit to the nearest cent and all other amounts to the nearest dolar) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods Requirement 1. More info FIFO Jun 23 each Plus 1 Beginning merchandise Inventory 12 Purchase 20 Sale 24 Purchase 29 Sale 15 units 5 units @ $ 10 units @ $ 24 each 30 ch 16 units 27 each Cost of goods sold 18 units @ $ 38 each Print Done

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