a)

b)

Puriodie Ientory by Three M thods The beginning inventory at Midnight Supplies and dats on purchases and sales for a three month periad ending March 31, are as follows: Number Date Transaction Per Unit Total of Units anInvantory 562.500 85.00 1.912.300 11.250 150.00 1.687,500 562,500 225,000 87.50 4,723,000 27,000 10.00 4,320,000 4,080,000 89.50 4,027,500 4,800,000 575,000 26,250 10.00 4,200,000 7,500 75.00 10 Purchasc 28 Sale 30 Sale 22.500 3.750 50.00 Feb. 5 Sale 1,500 150.0o 54,000 10 Purchasa 16 Salo 28 Sale 25.00 10.00, 45,000 30,000 160.00 Mar. 5 Purchase 14 Sal 7,500 30 Sala 1 Determine the inventory on March 31 and the cost of merchsndise sold For the three month period. using the first-in, first out methed and the pericdic inventory system. Marchandise inventory, March 31 Coat of merchandiae sold 2. Datarmine the inventory on March 31 and the cost of marchandas sold for the threa-manth pariod, using the last-in, first-out mathod and the pariodic inventory system Marchandise inventory, March 31 Cost of merchandice zold 3. Dabarmina th nvan ory on March 31 and e cost of n e chand se sold or the three month period ua ng ta weight d avera cost mathod and tha periodic inventory system. Round the eighted average nit cost to tha nearest cent and final ans er to a naarest olla Marchandise inventory, March 31 Cost of merchandiee sold