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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 perpetual inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 290 $55 Purchase 174 $60 3/4 Sales 174 $120 3/10 Purchase 580 3/16 Sales 261 $130 3/19 Sales 203 $130 3/25 Sales 145 $130 3/30 Purchase 116 $75 Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $
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