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Complete this problem using FIFO Periodic Inventory System 1) What are the total sales for the period? 2) What is total cost of merchandise sold

Complete this problem using FIFO Periodic Inventory System 1) What are the total sales for the period? 2) What is total cost of merchandise sold for the period? 3) Journalize the sales and cost of goods sold. Assume all sales are on account. 4) Determine the gross profit. 5)_Determine the cost of ending inventory @ March 31

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