Question

E6A-26 (similar to) Question Help * Assume that Jump Coffee Shop completed the following peniodic inventory transactions for a line of merchandise inventory (Click the kcon 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 dolar) Requirements 1, 2, and 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 dollar) Begin by determining ending merchandise inventory and cost of goods sold under each of the three methods t 1. FIFO Less Cost of goods sold Choose from any list or enter any number in the input fieds and then click Check Answer 5partaning Clear All Check Answer