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Blue Spruce Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo

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Blue Spruce 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. Blue Spruce Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 82 $50 3/3 Purchase 49 $60 3/4 Sales 49 $90 3/10 Purchase 164 $65 3/16 Sales 57 $100 3/19 Sales 74 $100 3/25 Sales 49 $100 3/30 Purchase 33 $70 (a) Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ Save for Later Attempts: 0 of 1 used Submit

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