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**********All Three of my answers above are incorrect********* The following information relates to Good Kitchen Ltd's inventory transactions during the month of March. Units Cost/Unit
**********All Three of my answers above are incorrect*********
The following information relates to Good Kitchen Ltd's inventory transactions during the month of March. Units Cost/Unit Amount Mar. 1 Beginning inventory 6,500 $ 19.00 $ 123,500 7 Sale 4,100 12 Purchase 2,500 $ 21.00 $ 52,500 16 Purchase 800 $ 21.00 $ 16,800 18 Sale 2,700 27 Purchase 4,300 $26.00 $ 111,800 29 Sale 3,700 All of the units sold were priced at $ 68.00 per unit. Your answer is incorrect. Good Kitchen Ltd. uses the perpetual inventory system. Calculate Good Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using weighted-average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.) Cost of Goods Sold $ 226,800 Gross margin $ 487,200 Ending Inventory $ 77,760Step by Step Solution
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