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At the beginning of its operations in March 2024, Marin Supplies Ltd. began with 9,750 units of inventory that it purchased at a $7.50 each.

image text in transcribedimage text in transcribedimage text in transcribed At the beginning of its operations in March 2024, Marin Supplies Ltd. began with 9,750 units of inventory that it purchased at a $7.50 each. The company's purchases during March were as follows: Marin Supplies uses a periodic inventory system. (a) Calculate the cost of goods sold for March using the weighted-average cost formula. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answer to 0 decimal places, e.g. 61,052.) At the beginning of its operations in March 2024, Splish Brothers Supplies Ltd. began with 8,160 units of inventory that it purchased at a cost of $7.50 each. The company's purchases during March were as follows: Splish Brothers Supplies uses a perpetual inventory system. (a) Calculate the cost of goods sold for March using the weighted-average cost formula. (Round calculations for cost per unit to 4 decimal places, e.g. 10.5219 and final answer to 0 decimal places, e.g. 61,052.) Cost of goods sold $ (b) Your answer is incorrect. Calculate the cost of goods sold for March using the first-in, first-out cost formula. At the beginning of its operations in July 2024, Sheridan Pet Shop Ltd. began with 8,740 units of inventory that it purchased at a cost of $14.60 each. The company's purchases during July were as follows: Sheridan Pet Shop uses a periodic inventory system. (a) Calculate the cost of goods sold for July using the weighted-average cost formula. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answer to 0 decimal places, e.g. 61,052.) Cost of goods sold $

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