The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 , are as follows: kequired: 1. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the first-io, first-out method and the ff fe- Finimentory. system. system. 3. Detemmine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the weighted averaged anethod and the periodic inventory system. Round the weighted average unit cost to the nearest cent and finsl answers to the nearest dollar. 4. Compare the gross profit and the March 31 inventories, using the following column headings. Enter all ameunts of basitive numbers. Periodic Inventory by Three Methods The beginning imventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 , are as follows: Required: 1. Determine the imventory on March 31 and the cost of merchandise sold for the three-month period, using the first-in, first-out method and the system. 2. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the last-in, first-out method andf periodic inventocy system. 3. Determine the inventory on March 31 and the cost of merchandise sold for the three-month period, using the weighted averagesf 7 method and the periodic inventory system. Round the weighted average unit cost to the nearest cent and final answers to the nearest dollar: 4. Compare the gross pront and the March 31 inventories, using the following column beadings. Enter all ameunts as ans tive numbers