NcKinley Company's inventory records for its relal Mision show the following at March 31: (Cicche icon to view the accounting records. At March 31, 10 of these units am on hand Read the requirements Requirement 1. Joumalize for McKinley tolal March purses incre summary entry, under the perpetuelem. All purchases werel Recard debit fret the credits Exdude explanations from any contries Journal Entry Account Dabe Debit Credit Requirement 2. Joumalize for McKinley total March sales and custof goock sold in wo urriar entries, under the perpetual ystem. The celing price was $575 per unit and al sales were un credr. Assume that McKinley uses the FIFO inventory metod. (Record debts fret, then credits. Exclude explanations from any lo mal entries.) Let's start by recording the entry for Marchalcs. Do not yet record the cost related to the sale. We wil daths in the next journal entry Journal Entry Date Accounts Debit Credit Nan record the entry for the cast of Inventory sold assuming FIFO. Journal Entry Date Accounts Debat Credit Requirement 3. Under FIFO, how much grasa profit would McKinley Ranchor the month anding March 317 What is the FIFO Cost of McKinney Company's ending inwentary The gres profile on the fresco The FIFO cost ofercing Irwantory is NcKinley Company's inventory records for its relal Mision show the following at March 31: (Cicche icon to view the accounting records. At March 31, 10 of these units am on hand Read the requirements Requirement 1. Joumalize for McKinley tolal March purses incre summary entry, under the perpetuelem. All purchases werel Recard debit fret the credits Exdude explanations from any contries Journal Entry Account Dabe Debit Credit Requirement 2. Joumalize for McKinley total March sales and custof goock sold in wo urriar entries, under the perpetual ystem. The celing price was $575 per unit and al sales were un credr. Assume that McKinley uses the FIFO inventory metod. (Record debts fret, then credits. Exclude explanations from any lo mal entries.) Let's start by recording the entry for Marchalcs. Do not yet record the cost related to the sale. We wil daths in the next journal entry Journal Entry Date Accounts Debit Credit Nan record the entry for the cast of Inventory sold assuming FIFO. Journal Entry Date Accounts Debat Credit Requirement 3. Under FIFO, how much grasa profit would McKinley Ranchor the month anding March 317 What is the FIFO Cost of McKinney Company's ending inwentary The gres profile on the fresco The FIFO cost ofercing Irwantory is