THIS IS JUST THE LAYOUT !!! The right info to fill in is the one provided below (I just need the answers to fill out!!More info Jun. 1 Beginning merchandise inventory 16 units \$20 each Jun. 12 Purchase 9 units $24 each Jun. 20 Sale 12 units @ $32 each Jun. 24 Purchase 13 units @ $ 25 each Jun. 29Sale 17 units @ 32 each

Assume that Mug Shot Coffee Shop completed the following periodic inventory transactions for a line of merchandise inventory: i (Click the icon to view the transactions.) Read the requirements. 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 in 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 Requirement 1. Requirement 2. Requirement 3. FIFO LIFO Weighted-Average Beginning merchandise inventory 442 5 442 $ 442 Plus: /Net cost of inventory purchased 959 959 959 Cost of goods available for sale 1.401 1,401 1,401 Less Ending merchandise inventory 480) (390) (438) Cost of goods sold 921 $ 1,011 $ 963 Now compute the gross profit under each inventory costing method. Requirement 1- Requirement 2. Requirement 3. FIFO LIFO Weighted-Average Sales Revenue $ 1,188 $ 1. 188 $ 1,188 O Cost of Goods Sold (921) (1.011) (963) Gross Profit 267 177 $ 225