Periddic inventary by three methods The beginning imentocy at Midnight Supptes and dath on purchases and sales for a three-month period ending Morch 3t are as followt: tyitem, Invintaty Maren 314 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, uting the first-in, first-out method and the periodic inventory Bytern: Inventory. Marsh 311 Cost of goods sold 2. Determine the inventiory on March 31 and the cost of gopds sold for the threemmonth period, using the last-in, first-out method and the periodic inventory system. Inventory, March 311 Cont of goods sold 5 3. Determine the irventory on March 31 and the cost of goods sold for the three-month period, using the weighted awerdpe cast method and the periode imventory system. Round the wolghted average unit cost to the nearest cent. Inventory, March 311 Cost of goods sold s. 4. Compare the gross profit and the March 31 inventorias, using the fodlowing column hesdings. For thasi boxes in which you musit inter sublracted of negative. numbers use a minus sign. inventory, March 311 Cost of goods sold 5 2. Determine the inventory on March 31 and the cost of goods soia for the three-month periad, using the last-in, firnt-out method and the periodic inventorn system. Irventory, March 315 Cost of goods soid 5 3. Determine the inventory on March 31 and the cost of gnoess sold for the three-month period, using the weighted average cost method and the periodic inventory system, Round the walghted average unit cost to the nearest cant. inventory, March 311 Cout of goods sole 4. Compare the gross profit and the March 31 inventeries, using the following column hastings, For those bexes in which you must enter subtroctid or negative numbers use a minus sign