The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows:

FIFO Journal Final Questions Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows: Date Jan. Transaction Inventory Per Unit $70.00 1 10 Purchase 78.00 Sale 28 30 Number of Units 2,500 8,000 3,800 1,250 500 17,000 9,100 Sale Sale Feb 10 Purchase Total $175,000 624,000 532,000 175,000 70,000 1,360,000 1,319,500 1,261,500 1,166,880 1,421,000 246,000 1,145,500 16 28 140.00 140.00 140.00 80.00 145.00 145.00 81.60 145.00 8200 145.00 Sale Sale 8,700 5 Purchase 14 Sale 14,300 9,800 3,000 7,900 25 Purchase 30 Sale FIFO Journal Final Questions Instructions The beginning inventory at Midnight Supplies and data on purchases and sales for a three month period ending March 31 are as follows: Date Jan. Transaction Inventory Per Unit $70.00 1 10 Purchase 78.00 Sale 28 30 Number of Units 2,500 8,000 3,800 1,250 500 17,000 9,100 Sale Sale Feb 10 Purchase Total $175,000 624,000 532,000 175,000 70,000 1,360,000 1,319,500 1,261,500 1,166,880 1,421,000 246,000 1,145,500 16 28 140.00 140.00 140.00 80.00 145.00 145.00 81.60 145.00 8200 145.00 Sale Sale 8,700 5 Purchase 14 Sale 14,300 9,800 3,000 7,900 25 Purchase 30 Sale