Question: Periodic inventory by three methods The beginning inventory at Midnight Supplies and data on purchases and sales for a three - month period ending March

Periodic inventory by three methods
The beginning inventory at Midnight Supplies and data on purchases and sales for a three-month period ending March 31 are as follows:
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.
Inventory, March 31
Cost of goods sold $
Determine the inventory 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.
 Periodic inventory by three methods The beginning inventory at Midnight Supplies

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