i $($Click the icon to view the purchase and sale information.$)$

Assume the company uses a periodic inventory system. Also assume that monthly purchases of inventory occur on the first day of each month.

Required

at the end of each quarter.

Prepare a multi$-$step income statement for the quarter ended March $31,2020,$ under each method described in requirement $1.$

to the nearest dollar.$)$

$($a$)$ The cost of the divider ending inventory at March $31,2020,$ using the weighted$-$average$-$cost method is $

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During the quarter, the company purchased merchandise on account as follows:

Sales for each month in the quarter were as follows:

Operating expenses in the quarter were $$110,000.$