Allowance method entries The following transactions were completed by Wild Trout Gallery during the current fiscal year ended December 31:

LIFO perpetual inventory The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. Total sales Total cost of goods sold $ Gross profit $ 3. Determine the ending inventory cost as of March 31