Nidget Tek Inc.'s original accountant accepted a position with another firm and left in early March. You have een asked to review the subsidiary inventory ledger record for Widget Tek Inc.'s main product for March. Study the inventory record for March and answer the questions that follow. 1. Assuming that the product sells for $170 and that 80% of sales are on account, determine the gross profit from sales for March. 2. Making the same assumptions as in (1), determine the ending inventory cost for March. 3. Which inventory method is being used? Nidget Tek Inc.'s original accountant accepted a position with another firm and left in early March. You have een asked to review the subsidiary inventory ledger record for Widget Tek Inc.'s main product for March. Study the inventory record for March and answer the questions that follow. 1. Assuming that the product sells for $170 and that 80% of sales are on account, determine the gross profit from sales for March. 2. Making the same assumptions as in (1), determine the ending inventory cost for March. 3. Which inventory method is being used