need help with 6-1 6-2 6-3 6-4 please

Obj. 2.2 3. $8,983,125 X FXCEL TEMPLATE PR 6-1A FIFO perpetual inventory The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows: Number Per Unit Total Date of Units Transaction 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 10 Purchase 54,000 87.50 4,725,000 16 Sale 27,000 160.00 4,320,000 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 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 3, using the first-in, first-out method. 2. Determine the total sales and the total cost of goods sold for the period. Journalize the entries in the sales and cost of goods sold accounts. Assume that all sales were on account. 3. Determine the gross profit from sales for the period. 4. Determine the ending inventory cost as of March 31. 5. Based upon the preceding data, would you expect the ending inventowy using the last-in, first- out method to be higher or lower? 339 Chapter 5 Inventories 2. Gross profit, $8,853.750 RUM DXCEL TEMPLATE 2. Gross profit $8,973,750 PR 6-2A LIFO perpetual inventory Obj. 2, 3 The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period are shown in Problem 6-1A Instructions 1. Record the inventory, purchases, and cost of goods sold data in a perpetual inventory record similar to the one illustrated in Exhibit 4, using the last-in, first-out method. 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period 3. Determine the ending inventory cost as of March 31 PR 6-3A Weighted average cost method with perpetual inventory Obj. 2, 3 The beginning inventory for Midnight Supplies and data on purchases and sales for a three month period are shown in Problem 6-1A Instructions 1. Record the inventory, purchases, and cost of goods sold data in perpetual inventory record similar to the one illustrated in Exhibits, using the weighted average cost method. 2. Determine the total sales, the total cost of goods sold, and the gross profit from sales for the period. 3. Determine the ending inventory cost as of March 31 PR 6-4A Periodic inventory by three methods Obj. 2, 3 The beginning inventory for Midnight Supplies and data on purchases and sales for a three month period are shown in Problem 6-11 Instructions 1. Determine the inventory on March 31 and the cost of als sold for the three month period, using the first in, first-out method and the periodic inventory system 2. Determine the inventory on March 31 and the cost of goods sold to the three month period, using the last-in, first-out method and the periodic inventory system 3. Determine the inventory on March 31 and the cost of goods sold for the three month period, using the weighted average cost method and the periodic inventory system. Round the weighted average unit cost to the nearest cent 4. Compare the gross profit and the March 31 inventories, using the following column headings FIFO LIFO Weighted Average Sales Cost of goods sold Gross profit Inventory, March 31 2. Inventory, 5881,250