Acct-1-PR.06-01 blanksheet

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ook Show Me How Calculator This UCLIOTIS Chart OT ACCOUNts FIFO u journal Final Questions Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows: Date Transaction Inventory Per Unit $56.00 Jan 1 10 Purchase Number of Units 3,000 7,100 4,200 1,300 64.00 28 Sale 112.00 30 Sale 112.00 Total $168,000 454,400 470,400 145,600 56,000 1,221,000 1,041,300 959,400 980,200 Feb 5 Sale 500 112.00 10 Purchase 66.00 18,500 8,900 16 Sale 117.00 28 Sale 8.200 117.00 Mar 5 Purchase 14,500 67 60 takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&in Show Me How Calculator Chart OT ACCOUNTS FIFO Journal Final Questions trucuonis ructions 20 Jarc U, TIL. 0,100 Mar. 5 Purchase 14,500 67.60 980,200 14 Sale 10,000 117.00 25 Purchase 68.00 3,400 8,000 1,170,000 231,200 936,000 30 Sale 117.00 Instructions 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar first in, first-out method 2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the s Assume that all sales were on account and date your journal entry March 31. Refer to the Chart of Ace 3. Determine the gross profit from sales for the period. 4 Determine the ending inventory.costas of March 31 Check My Work All work saved engag W2 Onlir X Get Homework Help with genow.com/ilm/takeAssignment/takeAssignment Main.doFinvokeretakeAssignmentSession Locatorinprogress=false Book Show Me How CREATURES Calculator FIFO Journal Final Questions Journal Shaded cells have feedback X Shaded cells have feedback FIFO Date Purchases Cost of Goods Sold Date Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost Jan 1 10 10 28 $ $ 28 $ $ $ $ 10