Inventory Records CA.. Widget Tek tnc's original accountant accepted a position with another fiem and left in early March. You have been asked to review the subsidiary inventary ledger recard ERP for Widget Tek Inc.'s main product for March, Inventory Date Quantity Unit Cost Total Cost Har. 1 850 1,275 195 $121,125 Mar. 650 $63.700 Mar. 11 325 198 $3LA50 Mar. 14 325 $31,850 $103 S0340 $25,40 Mar. 22 260 Mar. 25 260 196 $25,40 2,000 S104 1208,000 Study the imeentory record for March and answer the quesstions that follow 1. Asuming that the preduct sells for $1S5 and that BS of sales are on account, determine the gross profe trom saies for March 2. Making the same asumptions as in ( determine the ending inventery cest for March 3. which inventory method is being used LIFO Previous ama Submit A Grading Allwoked Seve and E AalTO MacBook Pro 6) a Seareh or type URL delete D. option command mand Calculator Inventory Records Widget Tek Inc.'s original accountant accepted a position wit for Widget Tek Inc.'s main product for March. Inventory Date Quantity Unit Cost Total Cost Mar. 1 850 $98 $83,300 1,275 $95 $121,125 Mar. 8 650 $98 $63,700 Mar, 11 325 $98 $31,850 Mar. 14 325 $98 $31,850 780 $103 $80,340 Mar. 22 260 $98 $25,480 Mar. 25 260 $98 $25,480 2,000 $104 $208,000 Study the inventory record for March and answer the questions that 1. Assuming that the product sells for $155 and that 85% of sales are 2. Making the same assumptions as in (1), determine the ending inver 3. Which inventory method is being used? LIFO Check My Work All work saved. 14