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Bramble Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for
Bramble 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. Bramble Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 124 $50 3/3 Purchase 70 $60 3/4 Sales 70 $80 3/10 Purchase 248 $65 3/16 Sales 78 $90 3/19 Sales 116 $90 3/25 Sales 70 $90 3/30 Purchase 54 $70 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 weighted-average method, calculate the amount assigned to the inventory on hand on Marc answer to 0 decimal places, eg. 12.) Ending Inventory $ e Textbook and Media Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending Inventory $
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