Daring Dartboards is in the business of buying and selling Dart Boards. Below you will find the inventory purchase and sale schedule for the year ending December 31, 2013.

Date Units Purchase Price Sales Price Units on Hand 1-Jan-2013 1,500 $15.00$23.50 1,500 15-Feb-2013 1,250 $26.00 2,750 1-Mar-2013 750 3,000 3,500 15-Mar-2013 1,000 $31.25 $34.00 $65.00 500 15-Apr-2013 750 750 $36.00 1,500 30-Apr-2013 2,000 2,250 1-May-2013 750 250 $37.50 $40.00 3,000 31-May-2013 250 $43.50 $46.00 $70.00 1,000 30-Jun-2013 500 1,750 15-Jul-2013 2,750 2,000 15-Aug-2013 2,250 1-Oct-2013 2,750 15-Dec-2013 $75.00 - 1.) Prepare the appropriate journal entry(s) to account for March 15th credit sales if Daring Dartboards utilized the FIFO Inventory Costing Method.

2.) Prepare the appropriate journal entry(s) to account for March 15th credit sales if Daring Dartboards utilized the LIFO Inventory Costing Method.

3.) Prepare the appropriate journal entry to account for March 15th credit sales if Daring Dartboards utilized the Weighted Average Inventory Costing Method.

4.) Prepare the appropriate journal entry(s) to account for May 31st cash sales if Daring Dartboards utilized the Weighted Average Inventory Costing Method.

5.) Prepare the appropriate journal entry(s) to account for December 15th cash sales if Daring Dartboards utilized the LIFO Inventory Costing Method