Periodic Inventory by Three Methods The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31, are as follows: Number of Units Date Transaction 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. 5 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 160.00 4,800,000 30,000 7,500 25 Purchase 90.00 675,000 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 first-in, first-out method and the periodic ir Merchandise inventory, March 31 Cont 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 method and the periodic inv 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 method and the period cent and final answers to the nearest dollar. Check My Workmore Check My Work uses remaining Required: 1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first in, first-out method and the periodic inventory system 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 method and the penodic inventory system 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 method and the periodic inventory system. Round I 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 am as positive numbers FIFO UFO Weighted Average Cost of merchandise sold Gross profit Inventary, March 1