Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Blue Spruce Company selle many products. Glamo is one of its popular items. Below is an analysis of the inventory purchases and sales of Girmo
Blue Spruce Company selle many products. Glamo is one of its popular items. Below is an analysis of the inventory purchases and sales of Girmo for the month of March, Wut Spruce Company the perpetual Inventory system, Purchases Sales Units Unit Units Selling Cost Price/Unit 31 Beginning inventary 280 $55 Purcha 168 560 3/4 Sales 160 5120 W/10 Purchase 560 565 3/16 Sales 252 $130 3/19 Sales 196 $130 Sales 140 $130 3/30 Purchase 112 $75 w 3/25 Using the FIFO assumption, calculate the amount charged to cost of goods sold for March Cost of goods sold 5 Using the FIFO motion, calculate the value of ending inventory For March Ending Inventory LINK TO TEXT Using the moving average cost method, calculate the amount assigned to the inventory on hand on March 3 und av permit to decimal place 24 and nalanewr to 2 decimal places... 2,530.56.) Amount assigned to the inventory LINK TO TEXT Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Amount assigned to the inventory
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started