Feriodic inventiery by three methods The bsoinning ieventory at Midnight Supples and dats on purchases...
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Feriodic inventiery by three methods The bsoinning ieventory at Midnight Supples and dats on purchases and sales for a three-month period ending March 31 are as follows: 1. Determine the inventery on Mareh 31 and the cost of goeds sold for the three-moeth period, using the first in, firs-out method and the periodic imentery system. Imventery, March 314 cost of goods sold if 2. Determine the irventory en March 31 and the cost of goods sold for the three monsh period, using the last-in, firstiovt methed and the periodic inventory system Inventory, March 31 : x Cost of goods sold s x 2. Determine the inventory on March 31 and the cost of goods sold for the three-month period, using the iast-in, Erst-out method and the periodic inventory system. Inventory, March 311 x Cost of geods soild 5 x 3. Determine the inventory on March 31 and the cost of goods sold for the three-month perigd, using the weightited average cost method and the periodic inventary briem. Round the weighted average unit cost to the nearest cent. Invertory, March 31 x Cost of geods sold of x 4. Compare the gress profit and the March 31 inventeries, using the following cokme hesdings. For bese boxes in which you mast enter subtracted or negative numbert use a minus sign
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