Please fill in the following requirements.

And do the same for the following below as a separate sheet.

Save Homework: Chapter 6 part B homework Score: 0 of 1 pt 4 of 9 (2 complete) E6-19 (similar to) HW Score: 1.37%, 0.12 of 9 Question Help Assume that Models and More store bought and sold a line of dolls during December as follows: (Click the icon to view the transactions.) Models and More uses the perpetual inventory system Read the requirements Requirement 1. Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the FIFO inventory costing method Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost Dec. 8 Dec. 14 Dec. 21 Pr Enter any number in the edit fields and then click Check Answer 6 parts Check Answer O Clear All remaining i More Info Dec. 1 Beginning merchandise inventory 8 Sale 14 Purchase 11 9 14 13 units @ $ 9 each units @ $ 24 each units @ $ 15 each units @ $ 24 each 21 Sale Print Done 0 Requirements Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the FIFO inventory costing method. Compute the cost of goods sold, cost of ending merchandise inventory, and gross profit using the LIFO inventory costing method. 3. Which method results in a higher cost of goods sold? 4. Which method results in a higher cost of ending merchandise inventory? 5. Which method results in a higher gross profit? Print | Done Alu Lavallo & 03/12/20 3:44 PM Save Homework: Chapter 6 part B homework Score: 0 of 1 pt * 5 of 9 (2 complete) E6-20 (similar to) HW Score: 1.37%, 0.12 of 9 pts Question Help Assume that BR Tire Store completed the following perpetual inventory transactions for a line of tires (Click the icon to view the transactions) Read the requirements Requirement 1. Compute cost of goods sold and gross profit using the FIFO inventory costing method Begin by computing the cost of goods sold and cost of ending merchandise inventory using the FIFO inventory costing method. Enter the transactions in chronological order, calculating new inventory on hand balances after each transaction. Once all of the transactions have been entered into the perpetual record, calculate the quantity and total cost of merchandise inventory purchased, sold, and on hand at the end of the period. (Enter the oldest inventory layers first) Purchases Cost of Goods Sold Inventory on Hand Unit Total Unit Total Unit Total Date Quantity Cost Cost Quantity Cost Cost Quantity Cost Cost May 1 Enter any number in the edit fields and then click Check Answer Clear All Check Answer 6 parts remaining More Info 25 May 1 Beginning merchandise inventory 11 Purchase 23 Sale 26 Purchase 29 Sale 20 tires @ $ 12 tires @ $ 18 tires @ $ 14 tires @ $ 16 tires @ $ 63 each 87 each 99 each 90 each 99 each Pant Done i Requirements Compute cost of goods sold and gross profit using the FIFO inventory costing method Compute cost of goods sold and gross profit using the LIFO inventory costing method. Compute 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.) Which method results in the largest gross profit, and why? Done