A wholesale company selling respiratory masks and just starting business made the following four inventory purchases in March 2021: 01.03.21 06.03.21 16.03.21 22.03.21 Total for March = 150 boxes at 6.60/box cost 200 boxes at 6.30/box cost 200 boxes at 5.85/box cost 150 boxes at 5.20/box cost A physical count of merchandise inventory on March 31st reveals that there are still 250 boxes on hand. 01.03.21 06.03.21 16.03.21 22.03.21 = 990 = 1,260 = 1,170 = 780 Using periodic LIFO for inventory valuation, the value of the ending inventory on March 31st is... Total for March = 4,200 A wholesale company selling respiratory masks and just starting business made the following four inventory purchases in March 2021: 150 boxes at 6.60/box cost 200 boxes at 6.30/box cost 200 boxes at 5.85/box cost 150 boxes at 5.20/box cost = 990 = 1,260 = 1,170 = 780 4,200 A physical count of merchandise inventory on March 31st reveals that there are still 250 boxes on hand. Using periodic FIFO inventory valuation, what will be the amount allocated to cost of goods sold for March 2021? Gross Profit minus operating expenses will give income from operations (one answer) Which one of the techniques mentioned is not used for inventory valuation? (one answer) Please just put in the total Euro amount 990+630 450. 150 x 5.2 200 x Please just put in the total Euro amount 2835 150 6-6 200x63 1005.85 True False Only true for Merchandising businesses Only true for profitable businesses Depends on the business model Specific identification I act in last out 15026.6 +100x63 880 1260 585 First in, first out I act in first out