Inventory Cost Flow Methods Logan Co. commenced operations on January 1, 2023. Logan experienced the following inventory purchase and sale transactions during 2023, its first year of operations: - Instructions - Complete the following two tasks: (a) Joumalize Boyd Co. 's March inventory and related transactions. Record them in proper general joumal format using debits and credits. Consider among other things the authors: summary of key entries provided in Exhibit 4.12 (page 164). (b) Use Logan Co.'s purchase and sale data for 2023 to compute the company's cost of goods sold for 2023 and its ending inventory at December 31,2023 for each of the following inventory cost flow methods: (1) FIFO, (2) LIFO and (3) Weighted Average. Format your work according to the models the authors provided in Exhibits 5A.3,5A.4 and 5A.5 (pages 220-221), Inventory Cost Flow Methods Logan Co. commenced operations on January 1, 2023. Logan experienced the following inventory purchase and sale transactions during 2023, its first year of operations: - Instructions - Complete the following two tasks: (a) Joumalize Boyd Co. 's March inventory and related transactions. Record them in proper general joumal format using debits and credits. Consider among other things the authors: summary of key entries provided in Exhibit 4.12 (page 164). (b) Use Logan Co.'s purchase and sale data for 2023 to compute the company's cost of goods sold for 2023 and its ending inventory at December 31,2023 for each of the following inventory cost flow methods: (1) FIFO, (2) LIFO and (3) Weighted Average. Format your work according to the models the authors provided in Exhibits 5A.3,5A.4 and 5A.5 (pages 220-221),