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1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic Inventory system. Inventory, March 31 s 1,010,625 X Cost of goods sold s 10,891,875 X 2. Determine the Inventory on March 31 and the cost of goods sold for the three-month period, using the last-In, first-out method and the periodic Inventory system. Inventory, March 31 $ 881,259 X Cost of goods sold $ 10,921,525 X 3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Round the weighted average unit cost to the nearest cent. Inventory, March 31 $ Cost of goods sold $ For those boxes in which you must enter 4. Compare the gross profit and the March 31 Inventories, using the following column subtracted or negative numbers use a minus sign. FIFO LIFO Weighted Average $ Sales $ $ Cost of goods sold $ $ Gross profit $ $ Inventory, March 31 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic Inventory system. Inventory, March 31 s 1,010,625 X Cost of goods sold s 10,891,875 X 2. Determine the Inventory on March 31 and the cost of goods sold for the three-month period, using the last-In, first-out method and the periodic Inventory system. Inventory, March 31 $ 881,259 X Cost of goods sold $ 10,921,525 X 3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Round the weighted average unit cost to the nearest cent. Inventory, March 31 $ Cost of goods sold $ For those boxes in which you must enter 4. Compare the gross profit and the March 31 Inventories, using the following column subtracted or negative numbers use a minus sign. FIFO LIFO Weighted Average $ Sales $ $ Cost of goods sold $ $ Gross profit $ $ Inventory, March 31 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic Inventory system. Inventory, March 31 s 1,010,625 X Cost of goods sold s 10,891,875 X 2. Determine the Inventory on March 31 and the cost of goods sold for the three-month period, using the last-In, first-out method and the periodic Inventory system. Inventory, March 31 $ 881,259 X Cost of goods sold $ 10,921,525 X 3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Round the weighted average unit cost to the nearest cent. Inventory, March 31 $ Cost of goods sold $ For those boxes in which you must enter 4. Compare the gross profit and the March 31 Inventories, using the following column subtracted or negative numbers use a minus sign. FIFO LIFO Weighted Average $ Sales $ $ Cost of goods sold $ $ Gross profit $ $ Inventory, March 31 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic Inventory system. Inventory, March 31 s 1,010,625 X Cost of goods sold s 10,891,875 X 2. Determine the Inventory on March 31 and the cost of goods sold for the three-month period, using the last-In, first-out method and the periodic Inventory system. Inventory, March 31 $ 881,259 X Cost of goods sold $ 10,921,525 X 3. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the weighted average cost method and the periodic inventory system. Round the weighted average unit cost to the nearest cent. Inventory, March 31 $ Cost of goods sold $ For those boxes in which you must enter 4. Compare the gross profit and the March 31 Inventories, using the following column subtracted or negative numbers use a minus sign. FIFO LIFO Weighted Average $ Sales $ $ Cost of goods sold $ $ Gross profit $ $ Inventory, March 31