PLEASE DO ALL REQUIREMENTS

Ken Company's inventory records for its retail division show the following at March 31: (Click the icon to view the accounting records Al March 31, 8 of these units are on and Read the requirements Requirement 1. Joumalize for en total March purchases in one summary entry, under the perpetual system. All purchases were on credit Record Gebits first, the credits. Exclude prations from any juletres Journal Entry Date Accounts Debi Credit Requirements Journal the following for Ken Company under the perpetual system 1. Total March purchases in one summary entry. Al purchases were on Credit 2. Total Marches and cost of goods sold in two summary entries. The selling price was 5560 per unit, and all sales were on Credit Assume that Konuses the FIFO inventory method 3. Under FIFO, how much gross profit would Kon cannon for the month ending March 31? What is the FIFO cost of Ken Company's ending inventory? Data Table Print Done Mar 1 Mar 15 Beginning Inventory 4 units @ $150 - 5600 Purchase 5 units 51515755 Purchase 11 units 5160 - $1.760 Choose from any Mar 26 parts Clear All Check Answer 4 Print Done Requirement 1. Journalize for McKinley total October purchases in one summary entry, under the perpetual syster. All purchases wer on credit. Recall that when a company makes a purchase on account, the purchase will be paid for at a later date. That means both Inventory and Accounts Payable are increased. Since this is one summary entry, total all of the purchases before entering the transaction in the journa Go ahead and make the entry now. (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Date Accounts Debit Credit