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:

Date Transaction Number

of Units Per Unit Total

Jan. $1$ Inventory $9,000$ $$60\mathrm{.}00$ $$540,000$

Jan. $10$ Purchase $21,00070\mathrm{.}001,470,000$

Jan. $28$ Sale $10,250140\mathrm{.}001,435,000$

Jan. $30$ Sale $5,750140\mathrm{.}00805,000$

Feb. $5$ Sale $3,500140\mathrm{.}00490,000$

Feb. $10$ Purchase $39,50075\mathrm{.}002,962,500$

Feb. $16$ Sale $15,000150\mathrm{.}002,250,000$

Feb. $28$ Sale $10,000150\mathrm{.}001,500,000$

Mar. $5$ Purchase $25,00082\mathrm{.}002,050,000$

Mar. $14$ Sale $30,000150\mathrm{.}004,500,000$

Mar. $25$ Purchase $10,00088\mathrm{.}40884,000$

Mar. $30$ Sale $19,000150\mathrm{.}002,850,000$

$1.$ 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.

Inventory, March $31$ fill in the blank $1$ of $2$$

Cost of goods sold fill in the blank $2$ of $2$$

$2.$ 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.

Inventory, March $31$ fill in the blank $1$ of $2$$

Cost of goods sold fill in the blank $2$ of $2$$

$3.$ Determine the inventory on March $31$ and the cost of goods sold for the three$-$month period, using the weighted average cost method and the periodic inventory system. Round the weighted average unit cost to the nearest cent.

Inventory, March $31$ fill in the blank $1$ of $2$$

Cost of goods sold fill in the blank $2$ of $2$$

$4.$ Compare the gross profit and the March $31$ inventories, using the following column headings. For those boxes in which you must enter subtracted or negative numbers use a minus sign.

Line Item Description FIFO LIFO Weighted Average

Sales $fill in the blank $7$

$fill in the blank $8$

$fill in the blank $9$

Cost of goods sold fill in the blank $10$

fill in the blank $11$

fill in the blank $12$

Gross profit $fill in the blank $13$

$fill in the blank $14$

$fill in the blank $15$

Inventory, March $31$