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{"ops":[{"insert":"In the month of March 2021, The TAMCC\u2019s Restaurant inventory card for M&B Wine \u2013 750ml showed the following entries:\n\u00a0\n\u00a0\u00a0\u00a0\u00a0April 30: Balance of 5- 750ml bottles of M&B wine @ $10.00 each.\n\u00a0\u00a0\u00a0\u00a0March 2: Purchased 12- 750ml bottles of M&B wine @ $12.00 each.\n\u00a0\u00a0\u00a0\u00a0March 8: Sold 10- 750ml bottles of M&B wine.\n\u00a0\u00a0\u00a0\u00a0March 12: Sold 5- 750ml bottles of M&B wine.\n\u00a0\u00a0\u00a0\u00a0March16: Purchased 24- 750ml bottles of M&B wine @ $13.00 each.\n\u00a0\u00a0\u00a0\u00a0March 25: Sold 10- 750ml bottles of M&B wine.\n\u00a0\u00a0\u00a0\u00a0March 30: Sold 5- 750 ml bottles of M&B wine.\n\u00a0\u00a0\u00a0\u00a0\ni)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Determine the quantity and value of the ending inventory and cost of sales for the month of March using the various inventory methods.\n\u00a0\nii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Assume that each M&B wine 750ml bottle is sold for $26.\n\u00a0Calculate the total sales & profit for each method used in (i) above.\n\u00a0\niii)\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Prepare a summary table and describe the table.\nWhich method would you recommend and why.\n\u00a0\n\n \u00a0\n"}]}
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