Periodic inventory by three methods The beginning inventory at Midnight Supplies and data on purchases and soles for a three-month period ending March 31 are as follows: 1. Determine the inventory on March 31 snd the cost of goods sold for the three month period, using the first-in, first-out method and the periodic inventery system Inventory, March al 1 cost of goods sold toventory, March 31 is Cost of goods sold \& 1. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the first-in, first-out method and the periodic inventory-system. trwentory, March 314 Cost of goods sold $ 2. Determine the imventory on March 31 and the cost of goods sold for the three-month period, using the last-in, first-out method and the periodic inventory system. Inventory, March 31 i Cost of goods sold s 3. Determine the inventhry on March 31 and the cost of goods sold for the three-rmonth period, using the weighted average cost method and the periodic imventory system. Round the weighted average unit cost to the nearest cent. Inventory, March 311 Cost of goods solds s 4. Compare the gross profit and the March 31 imventories, using the following column headings. for those boxes in which you must enter subtracted or negative numbers use a minusian