You are provided with the following information about Roleen's inventory for the 3^rd quarter ended September 30, 2022.

	Inventory Type 1 (FIFO) (Periodic inventory control)	Inventory Type 2 (FIFO) (Periodic inventory control)
	Quantity(units)	Price per unit	Quantity(units)	Price per unit
July 1, 2022 (beginning of quarter)	15,000	12.15	40,000	11.25
August 1	16,000	12.10	58,000	11.50
September 1	18,000	12.20	61,000	11.80
Sold/used during the quarter	26,000		70,000

i. Calculate cost of goods sold for the 3^th quarter and the ending inventory value on September 30, 2022 for each type of inventory using the appropriate cost formula. Record the journal entries needed to account for the inventory during the period. Show your calculations.

ii. September 30, 2022, the net realizable value of Type 1 inventory was $11.50 and of Type 2 inventory was $13.00. Record any journal entries needed to adjust the ending inventory value on September 30, 2022. Selling costs are $1.00 per unit. What would ending inventory be after any adjustments? Show your calculations.

iii. Assume that in the last quarter of 2022 purchased an additional 10,000 units of Type 1 inventory for $10.00 per unit and sold 8,000 units. The net realizable value of Type 1 inventory at December 31 recovering to $13.00 per unit. Calculate the ending inventory value for Type 1 inventory on December 31 and prepare the journal entries needed to account for the inventory during the period. Show your calculations.