3) Using the data below:

1- Mar Had 2,200 liters at $ .63 each

3-Mar Purchased 2,550 liters at $.70 each

5-Mar Sold 2,400 at $ 1.10

11-Mar Purchased 4,100 liters at$. 7 4 each

20-Mar Purchased 2,600 liters at $.80 each

30-Mar Sold 5,500 liters for$ 1.25

a) Prepare Fifo. Lifo average value of ending inventory -all 3 methods

b) Prepare all journal entries for either Fifo or Lifo -including closing entries use either periodic or perpetual inventory