o Lake Success Inc. inventory records for a particular development program show the following at March 31, 2020 Click the icon to view the accounting records) At March 31,9 of these programs are on hand Lake Success uses the perpetual inventory system. Required 1. Journalize for Lake Success a. Total March purchases in one summary entry. All purchases were on credit b. Total March sales and cost of goods sold in two summary entries. The selling price was $575 per unit, and alates were on credit Lake Success used the FIFO inventory method 2. Under FIFO, how much gross profit would Lake Success eam on these transactions? What is the FIFO cost of Lake Succes's ending inventory Requirement 1a. Journaize for Lake Success's total March purchases in one summary entry. All purchases were on credit. (Record debits first, then credits. Explanations are not required) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next question o Lake Success Inc. inventory records for a particular development program show the following at March 31, 2020 Click the icon to view the accounting records) At March 31,9 of these programs are on hand Lake Success uses the perpetual inventory system. Required 1. Journalize for Lake Success a. Total March purchases in one summary entry. All purchases were on credit b. Total March sales and cost of goods sold in two summary entries. The selling price was $575 per unit, and alates were on credit Lake Success used the FIFO inventory method 2. Under FIFO, how much gross profit would Lake Success eam on these transactions? What is the FIFO cost of Lake Succes's ending inventory Requirement 1a. Journaize for Lake Success's total March purchases in one summary entry. All purchases were on credit. (Record debits first, then credits. Explanations are not required) Journal Entry Date Accounts Debit Credit Choose from any list or enter any number in the input fields and then continue to the next