Question: Using the picture attached. Please help with the following: 1 . Prepare journal entries to record the cost of sales on January 2 4 and

Using the picture attached. Please help with the following:
1. Prepare journal entries to record the cost of sales on January 24 and March 16th. Using the weighted-average method.
2. If FIFO is used, calculate the amount of the understatement or overstatement in the cost of sales for the first six months of the current year.
3. If FIFO is used, calculate the amount of the understatement or overstatement in the current assets at June 30 of the current year.
Thanks!
 Using the picture attached. Please help with the following: 1. Prepare

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