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0.33/1 Question 15 of 15 > View Policies Show Attempt History Current Attempt in Progress Craig Ltd, began the month of March with 624 units
0.33/1 Question 15 of 15 > View Policies Show Attempt History Current Attempt in Progress Craig Ltd, began the month of March with 624 units in inventory with a total cost of $1,560. The company uses a perpetua inventory system and had the following transactions during the month of March Unit Cost Total Cost Mar. 7 Purchased 1,560 units $3.15/unit $4.914 Mar 12 $3.25/unit $3,549 Mar 15 Purchased 1.092 units Sold 860 units at $7.10/unit Purchased 620 units Mar. 21 $3.85/unit $2,387 Mar. 26 Sold 936 units at $7.10/unit Determine Craig's cost of goods available for sale for March Cost of goods available for sale $ Determine the cost of goods sold for the month of March and the value of inventory at the end of the month assuming Craig Ltd. uses the weighted average cost flow assumption (Round calculations for cost per unit to 2 decimal places, eg. 10.51 and final answers to O decimal places, e3. 61,053.) Cost of goods sold Value of ending inventory Determine the cost of goods sold for the month of March and the value of inventory at the end of the month assuming that Craig Ltd, uses the first-in, first-out cost flow assumption (Round answers to decimal places, eg. 125.) Cost of goods sold Value of ending inventory
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