The Jamie Company has the following Transactions. The Company uses a perpet inventory system. The company has the following purchases and, and sales data for the month of Marche Inventory: March 1 200 units $4.00 5800 Purchases: March 10-500 units $4.50 -52.250; March 20-400 units @ $4.75 -51,900 March 30-300 units @ $5.00, $1,500 Sales: March 15-500 units $10 per unit. A March 26 $10 per unit-400 units esto per unit The physical inventory count on March 31 shows 500 units on hand. Instructions: Under a perpetual inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under (a) FIFO. (b) LIFO, and weighted average Compute What is the company's gross profit under each method. (d) FIFO, (e) LIFO. (t) weighted average (8) what is the cost of goods available for sale (all methods) (h)If the company wants to maximize gross Profit, which method should it use? FIFO, LIFO or weighted average Compute the (1) Inventory Turnover, and () Days In Inventory under the FIFO method (k)Prepare the Journal entries to record the transactions from the Perpetual Record (FIFO method only). The Jamie Company has the following Transactions. The Company uses a perpet inventory system. The company has the following purchases and, and sales data for the month of Marche Inventory: March 1 200 units $4.00 5800 Purchases: March 10-500 units $4.50 -52.250; March 20-400 units @ $4.75 -51,900 March 30-300 units @ $5.00, $1,500 Sales: March 15-500 units $10 per unit. A March 26 $10 per unit-400 units esto per unit The physical inventory count on March 31 shows 500 units on hand. Instructions: Under a perpetual inventory system, determine the cost of inventory on hand at March 31 and the cost of goods sold for March under (a) FIFO. (b) LIFO, and weighted average Compute What is the company's gross profit under each method. (d) FIFO, (e) LIFO. (t) weighted average (8) what is the cost of goods available for sale (all methods) (h)If the company wants to maximize gross Profit, which method should it use? FIFO, LIFO or weighted average Compute the (1) Inventory Turnover, and () Days In Inventory under the FIFO method (k)Prepare the Journal entries to record the transactions from the Perpetual Record (FIFO method only)