nyl Supplies and data on purchases and sales for a three-month period ending M Date Transaction Number of Units Per Unit Total Jan. 1 Inventory 10 28 7,500 22,500 11,250 Purchase Sale Sale $75.00 85.00 150.00 $562,500 1,912,500 1,687,500 30 562,500 3,750 1,500 Feb. 5 150.00 150.00 Sale 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 9 0.00 675,000 30 Sale 26,250 160.00 4,200,000 Required: 1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the 1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first in, first-out metho Merchandise Inventory, March 31 Cost of merchandise sold 2. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the last-in, first-out metho Merchandise Inventory, March 31 Cost of merchandise sold 3. Determine the Inventory on March 31 and the cost of merchandise sold for the three-month period, using the weighted average cost cost to the nearest cent and final answers to the nearest dollar. Merchandise inventory, March 31 Cost of merchandise sold 4. Compare the gross profit and the March 31 inventories, using the following column headings. Enter all amounts as positive numbers FIFO LIFO Weighted Average Sales Cost of merchandise sold Gross profit Inventory, March 31