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Please advise The beginning inventory at Funky Party Supplies and data on purchases and sales three-month period ending March 31, 2016, are as follows Please

Please advise

The beginning inventory at Funky Party Supplies and data on purchases and sales three-month period ending March 31, 2016, are as follows

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image text in transcribed Problem 7-1A Name: Section: Score: Key Code: Instructions 0% [Key code here] Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. An asterisk (*) will appear to the right of an incorrect entry. In part 1, only final inventory cost - Column K - will be graded. 1. Date Jan. 1 10 28 30 Feb. 5 10 16 28 Mar. 5 14 Quantity Purchases Unit Cost Total Cost Cost of Merchandise Sold Unit Total Quantity Cost Cost Quantity 2,500 Inventory Unit Total Cost Cost $60.00 $ 150,000 25 30 31 Balances 2. JOURNAL Description 3. Gross profit for the sales period 4. Ending inventory cost 5. Inventory under LIFO would be Debit Credit

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