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Pls Help! Pariodic Inventary by Three Methods The beginning inventory at Midnight Supplies and data an purchases and sales far a three-month period ending March
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Pariodic Inventary by Three Methods The beginning inventory at Midnight Supplies and data an purchases and sales far a three-month period ending March 31 , are as follows: 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 periadic inventary system. Merchandise inventory, March 31 Cost of merchandise sold 2. Deterrmine 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 periadic inventory system. Merchandise inventory. March 31 Cost of merchandise sold the nearest dollar. Merchandise irventory, March 31 Cost of merchandise sold 4. Campere the gross profit and the March 31 inventories, using the following column headings. Enter all amounts as positive numbersStep by Step Solution
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