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On the last picture, i just need the answer of the two that i have wrong, this is under FIFO. Thank you !! Instructions The

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On the last picture, i just need the answer of the two that i have wrong, this is under FIFO.

Thank you !!

Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows: Date Transaction Number of Units Per Unit Total 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. 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 Journal Shaded cells have feedback. Question not attempted. PAGE 10 JOURNAL Score: 0/51 ACCOUNTING EQUATION DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY 1 2 3 4 Points: 0110 ournal Shaded ce Final Questions Shaded cells have feedback. Q 3. Determine the gross profit from sales for the period. $ 1 Points: 0/1 2 3 Feedback 4 Check My Work Sales minus cost of goods sold equals gross profit. FIFO Shaded cells have feedback. Cost of goods Sold Inventory Quantity Unit Cost Total Cost Quantity Unit Cost Total Cost 7,500 $75.00 $562,500 7,500 $75.00 $562,500 22,500 $85.00 $1,912,500 7,500 $75.00 $562,500 3,750 $85.00 $318,750 $85.00 3,750 $85.00 $318,750 18,750 15,000 13,500 $85.00 $1,593,750 $1,275,000 $1,147,500 1,500 $85.00 $127,500 $85.00 13,500 $85.00 $1,147,500 54,000 $87.50 $4,725,000 13,500 $85.00 13,500 $87.50 $1,147,500 $1,181,250 $2,231,250 40,500 $87.50 $3,543,750 25,500 $87.50 15,000 $87.50 $1,312,500 $1,312,500 13,500 X $85.00 X 45,000 $89.50 $4,027,500

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