Question: Need help with general journal for it 2. Determine the total sales and the total cost of goods sold for the period. Journalize summary entries

Need help with general journal for it 2. Determine the total sales and the total cost of goods sold for the period. Journalize summary entries for the sales and corresponding cost of goods sold for the period. Assume that all sales were on account and date your journal entry March 31. 3. Determine the gross profit from sales for the period. 4. Determine the ending inventory cost as of March 31. 5. Based upon the preceding data, would you expect the ending inventory using the last-in first-out method to be higher or lower?

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