Periodic Inventory by Three Methods The beginning inventory of merchandise at Rhodes Co. and data on purchases and sales for a three-month period ending June 30 are as follows: Number of Units Date Transaction Per Unit Total Apr. 3 Inventory 40 $670 $26,800 82,800 8 Purchase 120 690 11 Sale 60 1,120 67,200 30 Sale 50 1,120 56,000 May 8 Purchase 100 700 70,000 10 Sale 80 1,120 89,600 19 Sale 30 1,120 33,600 28 Purchase 120 707 84,840 June 5 Sale 60 1,260 75,600 16 Sale 40 1,260 50,400 21 Purchase 180 712 128,160 28 Sale 190 1,260 239,400 Required: 1. Determine the inventory on June 30 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, June 30 Cost of merchandise sold 2. Determine the entry on June 30 and the cost of merchandise sold for the three month period, ising the last in, tout method and the periode inventory system Merchandise inventory, June 30 Cost of merchandises 3. Determine the inventory on June 30 and the cost of marchand told for the three-month period, using the weighted average cout method and the periodic Inventory system. Hound the weighted averape cost and final answers to the nearest dollar Merchandise inventory, June 30 Cost of merchandise sold 4. Compare the gross pront and Suneo inventores using the following um heading the all mounts as potive numbers PITO UPO Weighted Average 00 Sales Cost of mardandises Inventory Nine 30