DORE TROMBOCHON Jan. 1 Inventory 10 Purchase 28 Sale 30 Sale Feb. 5 Sale Fer Out $75.00 $562.500 85.00 1,912,500 150.00 1,687,500 150.00 562,500 150.00 225,000 54,000 87.50 4,725,000 27,000 160.00 4,320,000 25,500 160.00 4,080,000 45,000 89.50 4,027,500 30,000 160.00 4,800,000 7,500 90.00 675,000 30 Sale 26,250 160.00 4,200,000 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 Cost of goods sold 10 Purchase 16 Sale 28 Sale Mar. 5 Purchase OF ORIES 7,500 22,500 11,250. 3,750 1,500. 14 Sale 25 Purchase Tour 281,250 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 Cost of goods sold 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 avera Inventory, March 31 Cost of goods sold 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.

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