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Cherry Blossom sells 50lb bags of sand suitable for sand boxes. Following is the inventory activity for March 2016: a. Assuming that Cherry Blossom uses

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Cherry Blossom sells 50lb bags of sand suitable for sand boxes. Following is the inventory activity for March 2016: a. Assuming that Cherry Blossom uses the perpetual FIFO method for sand bag inventory, prepare the summary journal entries necessary to record March sales activity. Assume all sales are on account. b. A physical count showed 215 sand bags on hand at 313 l/16. Prepare any necessary adjusting journal entry

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