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Ayayai Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for
Ayayai 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. Ayayai Company uses the perpetual inventory system. Purchases Sales Units Unit Units Selling Price/Unit 3/1 Beginning inventory 270 162 $55 $60 3/3 Purchase 3/4 Sales 162 $120 3/10 Purchase 540 $65 3/16 Sales $130 243 189 3/19 Sales $130 3/25 Sales 135 $130 3/30 Purchase 108 $75 Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ e Textbook and Media Using the FIFO assumption, calculate the value of ending inventory for March. Ending Inventory $ eTextbook and Media Using the moving average cost method, calculate the amount assigned to the inventory on hand on March 31. (Round average cost per unit to 3 decimal places, e.g. 5.254 and final answer to 2 decimal places, e.g. 2,520.56.) Amount assigned to the inventory e Textbook and Media Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Amount assigned to the inventory $ e Textbook and Media Using the LIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ eTextbook and Media
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