Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method.Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method.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.) Jun.1 Beginning merchandise inventory 17units@$15each 12 Purchase 5units@$19each 20 Sale 14units@$37each 24 Purchase 11units@$23each 29 Sale 13units@$37each
Compute ending merchandise inventory, cost of goods sold, and gross profit using the FIFO inventory costing method.Compute ending merchandise inventory, cost of goods sold, and gross profit using the LIFO inventory costing method.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.)
Jun.1 Beginning merchandise inventory 17units@$15each
12 Purchase 5units@$19each
20 Sale 14units@$37each
24 Purchase 11units@$23each
29 Sale 13units@$37each
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