The following data regarding purchases and sales of a commodity were taken from

The following data regarding purchases and sales of a commodity were taken from the related perpetual inventory account:June 1 Balance 25 units at $60 6 Sale 20 units 8 Purchase 20 units at $61 16 Sale 10 units 20 Purchase 20 units at $62 23 Sale25 units 30 Purchase 15 units at $63Required:1. Calculate the Cost of Merchandise Sold and Ending Inventory using FIFO2. Calculate the Cost of Merchandise Sold and Ending Inventory using LIFO3. Calculate the Cost of Merchandise Sold and Ending Inventory using Weighted Average Method