Buzzeli Industrial Supplies distributes industrial equipment. The company's fiscal year onds on March 31,2023 . One department in the compary had 50 industrial sinks that cost $575 each on hand at January 1, 2023 (1. (Click the icon to view the purchase and sale information.) Assume the company uses a periodic inventory system. Also assume that monthly purchases of imentory occur on the first day of each month. Required 1. Determine the cost of the department's ending inventory of sinks at March 31, 2023, undor (a) the weighted-average-cost method and (b) the FIFO method. Assume the company determines cost of goods sold at the end of each quarter 2. Prepare the department's multistep income statement for the quarter ended March 31, 2023, under each method described in requirement 1 Requirement 1. Determine the cost of the departmen's ending irwentory of sinks at March 31, 2023, under (a) the woighted-average-cost method and (b) the FIFO method. Assume the company determines cost of goods sold at the end of each quarter. (Use the cost per unit method when calculating your answer. Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) (a) The cost of the department's ending inventory at March 31, 2023 using the weighted-average-cost method is s Purchases and sales During the quarter, the department purchased merchandise on account as follows