FI View Insert Format Tools Data Window Help PR 6-2A_data.png Q G Search 3.2, 3 The beginning inventory at Midnight Supplies and data on purchases and sales a three-month period ending March 31 are as follows: Date Number of Units Jan 1 10 28 30 Feb. 5 10 16 28 Transaction Inventory Purchase Sale Sale Sale Purchase Sale Sale Purchase Sale Purchase Sale 7,500 22,500 11,250 3,750 1,500 54,000 27,000 25,500 45,000 30,000 7,500 26,250 Per Unit $ 75.00 85.00 150.00 150.00 150.00 87.50 160.00 160.00 89.50 160.00 90.00 160,00 Total $ 562,500 1,912,500 1,687,500 562,500 225,000 4,725,000 4,320,000 4,080,000 4,027 500 4.800,000 675.000 1 43200,000 Mar. 5 14 25 30 tructions 21 22 ord the inventory, purchases, and cost of goods sold data in a perpetual inventory Ord similar to the one illustrated in Exhibit 3, using the first in, first-out method ermine the total sales and the total cost of goods sold for the period. Journalize the ries in the sales and cost of goods sold accounts. Assume that all sales were on account. ermine the gross profit from sales for the period. 4 24 25 20 27 20 29 30 31 32 ermine the ending inventory cost as of March 31 ed upon the preceding data, would you expect the ending inventory using the last-in t-out method to be higher or lower? 35 36 30 -2A LIFO Perpetual Inventory the shirt 26%C4) Sun 6:14 PM Lacey Cann Updates Available A Do you want to restart to install t updates now or try tonight? @ 5. PR 06-2A Home Insert Draw Page Layout Formulas Data Review View X A- A- Conditional Formatting , Formatas Table Paste Alignment Number Cel Call Styles Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updat... K18 xfc % Total Cost 562.500 B D E G H 9 Answers are entered in the cels with gray backgrounds Colls with non-gray backgrounds are protected and cannot be edited 11 An asterisk) wil appear to the night of an incorrect entry. In part 1 only final inventory cost. Column K.wil begraded 2 13 14 1. Purchases Cost of Goods Sold 15 Unit Inventory Total Unit Total Unit Date Quantity Cost Cost Quantity Cost Coat Cost 17 7.500 $75.00 $ 18 10 22 500 $85.00 $ 1.912,500 19 20 20 11,250 $150.00 $ 1.687,500 21 22 30 3.750 $150.00 $ 562,500 23 24 Feb. 5 25 28 10 27 28 29 16 30 31 32 25 33 34 Mato 30 37 Pr. 6-2A Ready fast forward or rewind, drag the slider at the bottom of the video ... w XP