INSTRUCTIONS A. Answer the following exercises B. Upload your work to the established folder in Blackboard Exercise 1 Englehart Co. recorded the following inventory and sales data for the month of March. DATE DESCRIPTION UNITS UNIT COST TOTAL COST Mar. 1 Beginning Inventory 200 $4 $800 Mar. 10 Purchase 500 $4.50 $2.250 Mar. 20 Purchase 400 $4.75 $1.900 Mar. 30 Purchase 300 $5.50 $1.500 SALES DATE DESCRIPTION SCRIPTION / UNITS INVENTORY ON HAND Mar. 15 Sale 500 500 Units on March 31st Mar. 25 Sale 400 Under a periodic 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 c) Average-cost QUESTIONS 1. What are the three types of companies (based on inventory management) 2. What is the difference between retailers and wholesalers? Research 5 examples of each that have Costa Rican presence