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  3. s - respond to the following 3 problems (12.5 poin

s - Respond to the following 3 problems (12.5 points each) 1. Mikell Company was...

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Accounting

s - Respond to the following 3 problems (12.5 points each) 1. Mikell Company was formed on January 1, 2023. The following information is available from their inventory records for Product X: Units Unit Cost January 1, 2023 2,400 $25.00 Purchases: January 7, 2023 4,100 $27.00 January 23, 2023 3,600 $29.00 February 12, 2023 1,700 $32.00 March 17, 2023 2,500 $34.00 A physical inventory on March 31, 2022 shows 2,800 units on hand. Required: Compute the ending inventory at March 31, 2023 and cost of goods sold for the quarter, under each of the following scenarios, assuming that the company uses the perpetual method ONLY for units, i.e. they use the periodic method to cost their inventory. a. FIFO b. LIFO c. Weighted-average

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