1) The below Inventory and sales transactions took place during the month of March 2014. Purchase 110@ $4.25 3/01 3/02 3/07 Purchase 220 @ $5.20 Sold 200 @ $20.00 3/15 Purchased 320@ 3.25 3/20 Sold 325 $20.00 Wgt Avg Fifo Ending inventory (show calculations) Cost of Goods Sold (show calculations) 2) Put the above results in the below table assuming expenses are $3,500 and tax rate is 30 percent Net Income Wgt Avg Fifo Ufo Sales COGS GROSS PROFIT EXPENSES NET INCOME TAXES AFTER TAX PROFIT 3) Show the journal entry to record the 3/07 Sale and the 3/15 purchase. Use wgt avg cost for the 03/07 Sale entry. 4) I buy inventory for $5000 on 4/01 with terms of 3/10 net 30 what is my discount? Show me the initial entry on 04/01. Show me the entry to pay the invoice on 4/09