Pina Colada Supply Company sells many products. Gizmo is one of its popular items. Below is...

Transcribed Image Text:

Pina Colada Supply Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Pina Colada Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 106 $50 3/3 Purchase 61 $60 3/4 Sales 61 53 $80 3/10 Purchase 212 $65 3/16 Sales 69 $90 98 $90 3/19 Sales 61 $90 3/25 Sales 3/30 Purchase 45 $70 5 Using the average-cost method, calculate the amount assigned to the inventory on hand on March 31. (Round intermediate calculation and final answer to O decimal places, e.g. 5,012.) Ending inventory $ Pina Colada Supply Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Pina Colada Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 106 $50 3/3 Purchase 61 $60 3/4 Sales 61 53 $80 3/10 Purchase 212 $65 3/16 Sales 69 $90 98 $90 3/19 Sales 61 $90 3/25 Sales 3/30 Purchase 45 $70 5 Using the average-cost method, calculate the amount assigned to the inventory on hand on March 31. (Round intermediate calculation and final answer to O decimal places, e.g. 5,012.) Ending inventory $