a) Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. (Show calculations)

b) Prepare the journal entry to record the sale (all on account) on March 4.

Problem 2. The Dexter Company sells many products. Whamo is one of its popular items. Below is an analysis of the E.wantary nurchases and sales of Whamo for the month of March. Dexter Company uses the periodic inventory system