Need to know the EI too

Prepare all required journal entries at August 1, 2023 to recognize interest revenue and the discounting of the note.

3. Metro Mart Co. sells one product. Presented below is information for January 2023 for Metro.

Date 1/1 Inventory 100 units at $5 each 1/11 Purchase 150 units at $6 each 1/13 Sales 120 units at $8.50 each 1/20 Purchase 150 units at $7 each 1/27 Sales 100 units at $9 each

Compute the following costs:

1) Cost of goods sold under weighted average cost (periodic).

2) Cost of ending inventory under FIFO (periodic).

3) Cost of goods sold under LIFO (periodic)

4) Cost of ending inventory under moving average (perpetual).

5) Cost of goods sold under FIFO (perpetual).

6) Cost of goods sold under LIFO (perpetual).

*Show your computations. If not, no credit.