Carey Company sells many products. Whanamo is the one of its popular items. Below is an analysis of the inventory purchases and sales of Whanamo for the month of Marhc.

Purchases Sales

Units Unit cost Units Selling price

3/1 Beginning 100. $60.

investory

3/3 Purchase 60. $ 78

3/4 Sales. 70. $ 120

3/10 Purchases 200. $82

3/16 Sales. 80. $ 130

3/19 Sales. 60. $ 130

3/25 Sales. 50. $ 130

3/30 Purchases 40. $ 90

Instructions

a. Using the FIFO assumption, calculate the amount charged to cost of goods and the amount of lending for March. assuming the company uses the periodic inventory system

b. Using FIFO assumption, calculate the amount charged to cost of goods and the amount of ending inventory for march assuming the company uses the perpetual inventory system

c. Using the weighted average method, calculate the amount assigned to the inventory on hand on March 31. show computation