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Using the data below: 1-Mar had 2,200 liters at $.63 each 3-Mar purchased 2,550 liters at $.70 each 5-Mar sold 2,400 at $1.10 11-Mar purchased

Using the data below:

1-Mar had 2,200 liters at $.63 each

3-Mar purchased 2,550 liters at $.70 each

5-Mar sold 2,400 at $1.10

11-Mar purchased 4,100 liters at $.74 each

20-Mar purchased 2,600 liters at $.80 each

30-Mar sold 5,500 liters for $1.25

a) Prepare fifo. lifo average value of ending inventory - all 3 methods

b) Prepare all journal entries for either fifo or lifo- including closing entries use either periodic or perpetual inventory.

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