How to find ending incentory for the three months.

determine the cost of goods sold.

use the FiFO method, the LIFO method, and weighted average.

all three methods have to be used. in the order FIFO,LIFO, Weighted Average

Homework bem 1. PR.06-04A.BLANKSHEET Periodic inventory by three methods Instructions DI The beginning inventory for Midnight Supplies and data on purchases and sales for a three month period are as follo Date Transaction Number of Units Per Unit Total Jan. 1 Inventory 7,500 $ 75.00 $562,500 10 Purchase 22,500 85.00 1,912,500 28 Sale 11,250 150.00 1,687,500 30 Sale 3,750 150.00 562,500, Feb. 5 Sale 1,500 150.00 225,000 Cost a 10 Purchase 54,000 87.50 4,723,000 16 Sale 27,000 160.00 4,320,000 opening 28 Sale 25,500 160.00 4,080,000 Mar. 5 Purchase 45,000 89.50 4,027,500 14 Sale 30,000 160.00 4,800,000 25 Purchase 7,500 90.00 675,000 30 Sale 26,250 160.00 4,200,000 Instructions