Question: Given the following information, determine the journal entries: a. using the weighted average perpetual inventory method. b. using the LIFO perpetual inventory method. c. using

Given the following information, determine the journal entries:

a. using the weighted average perpetual inventory method.

b. using the LIFO perpetual inventory method.

c. using the FIFO perpetual inventory method.

March beginning inventory is 5 units at $6 per unit.

March 3: 15 units were purchased at $7 per unit. March 11: 10 units were purchased at $9 per unit.

March 15: 20 units were sold at $15 per unit.

March 18: 35 units were purchased at $10 per unit. March 31: 30 units were sold at $20 per unit.

CALCULATE JOURNAL ENTRIES FROM ABOVE INFORMATION:

JOURNAL ENTRIES:

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