+ mertakeAssignment/takeAssignment Main.doFinvokerStakeAssign ntSessionLocator Sinprogress-false Bock Calculator Periodic inventory by three methods The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are shown below Number Date Transaction of Units Per Unit Total Jan. 1 Inventory 7,500 575.00 $562,500 10 Purchase 22,500 85.00 1,912,500 28 Sale 11.250 150.00 1.687,500 30 Sale 3,750 150.00 562.500 Feb. 5 Sale 1.500 150.00 225,000 10 Purchase 54,000 87.50 4,725,000 16 Sale 27,000 160.00 4,320,000 28 Sale 25,500 160.00 4,000,000 Mar. 5 Purchase 45.000 89.50 4,027,500 14 Sale 30.000 160.00 4.800,000 25 Purchase 7,500 90.00 675.000 30 Sale 26,250 160.00 Determine the inventory on March 31 and the cost of goods sold for the three month period, using the first first method and the periodic inventory system. Inventory, March 31 1,010,625 Cost of goods sold 10,091,675 Determine the inventory on March 31 and the cost of goods sold for the three month period, using the first- ot hand the period inventory system Inventory, March 31 881,250 Cost of goods sold 11.021,250 h. Deemine the very March And the cost od for the mother I 4,200.000 Cred My Work Subtigere for Grade s & 7 5 3 6 8 9 0 ( E R. T Y P U 0 D F. G H J K Tentake Assignment takeAssignment Main doinvokeretakeAssignmentSession Locatori progress-false alloca WHO Cost of goods sold 11,021,250 3. Determine the inventory on March 31 and the cost of goods sold system. Round the weighted average unit cost to the nearest cent. ventory, March 31 1,001,250 X Cost of goods sold 10,901,250 x the three-month period, the weited average cost method and the periodic inventory Compare the gross profit and the March 31 Inventories, using the following colheadings. For those bones in which you must enter subtracted or negative numbers se minus sign FIFO LIFO Weighted Average Sales 19,875,000 $19.875,000 $19,475.000 Kost of goods sold 10,891.875 x 11.021,250 X Pro profit 8,983,125 8.853,750 8.973,750 x Inventory, March 31 1,010,625 $ 1.001.250 X 1. The first in, first out (F) method of inventory bation scot foto purchased are also the first sold when computing cos, sat with the units in beginning inventory 2. The LIFO method operates under the sun that the last them inventory the first one when computing start the last units purchased 3. when using the weed average method, vide the cost of goods for sale by average cont per 4. When the cost of purchases are increasing LIFO will produce a higher cost of in a lower gross proft Next & den S 4 B 6 3 5 0 . Y R. V E H J G . L F D ? B V N M + mertakeAssignment/takeAssignment Main.doFinvokerStakeAssign ntSessionLocator Sinprogress-false Bock Calculator Periodic inventory by three methods The beginning inventory for Midnight Supplies and data on purchases and sales for a three-month period are shown below Number Date Transaction of Units Per Unit Total Jan. 1 Inventory 7,500 575.00 $562,500 10 Purchase 22,500 85.00 1,912,500 28 Sale 11.250 150.00 1.687,500 30 Sale 3,750 150.00 562.500 Feb. 5 Sale 1.500 150.00 225,000 10 Purchase 54,000 87.50 4,725,000 16 Sale 27,000 160.00 4,320,000 28 Sale 25,500 160.00 4,000,000 Mar. 5 Purchase 45.000 89.50 4,027,500 14 Sale 30.000 160.00 4.800,000 25 Purchase 7,500 90.00 675.000 30 Sale 26,250 160.00 Determine the inventory on March 31 and the cost of goods sold for the three month period, using the first first method and the periodic inventory system. Inventory, March 31 1,010,625 Cost of goods sold 10,091,675 Determine the inventory on March 31 and the cost of goods sold for the three month period, using the first- ot hand the period inventory system Inventory, March 31 881,250 Cost of goods sold 11.021,250 h. Deemine the very March And the cost od for the mother I 4,200.000 Cred My Work Subtigere for Grade s & 7 5 3 6 8 9 0 ( E R. T Y P U 0 D F. G H J K Tentake Assignment takeAssignment Main doinvokeretakeAssignmentSession Locatori progress-false alloca WHO Cost of goods sold 11,021,250 3. Determine the inventory on March 31 and the cost of goods sold system. Round the weighted average unit cost to the nearest cent. ventory, March 31 1,001,250 X Cost of goods sold 10,901,250 x the three-month period, the weited average cost method and the periodic inventory Compare the gross profit and the March 31 Inventories, using the following colheadings. For those bones in which you must enter subtracted or negative numbers se minus sign FIFO LIFO Weighted Average Sales 19,875,000 $19.875,000 $19,475.000 Kost of goods sold 10,891.875 x 11.021,250 X Pro profit 8,983,125 8.853,750 8.973,750 x Inventory, March 31 1,010,625 $ 1.001.250 X 1. The first in, first out (F) method of inventory bation scot foto purchased are also the first sold when computing cos, sat with the units in beginning inventory 2. The LIFO method operates under the sun that the last them inventory the first one when computing start the last units purchased 3. when using the weed average method, vide the cost of goods for sale by average cont per 4. When the cost of purchases are increasing LIFO will produce a higher cost of in a lower gross proft Next & den S 4 B 6 3 5 0 . Y R. V E H J G . L F D ? B V N M