Craig Ltd. began the month of March with 640 units in inventory with a total cost of $1,600. The company uses a perpetual inventory system and had the following transactions during the month of March: Unit Cost $3.25/unit $3.20/unit Total Cost $5,200 $3,584 Mar. 7 Mar. 12 Mar. 15 Mar. 21 Mar. 26 Purchased 1.600 units Purchased 1.120 units Sold 880 units at $7.40/unit Purchased 640 units Sold 960 units at $7.40/unit $3.65/unit $2,336 Determine Craig's cost of goods available for sale for March. Cost of goods available for sale $ Determine the cost of goods sold for the month of March and the value of inventory at the end of the month assuming Craig Ltd. uses the weighted average cost flow assumption. (Round calculations for cost per unit to 2 decimal places, e.g. 10.51 and final answers to 0 decimal places, e.g. 61,053.) Cost of goods sold $ Value of ending inventory $ For this next part assume instead that CL Co. estimates its bad debts expense at 6% of credit sales: If there is a $5.500 credit balance in the allowance for doubtful accounts on December 31, before adjustment. i What amount will the company report on its income statement as bad debts expense? Bad debt expense $ ii. What amount will it report on its balance sheet as the net value of its accounts receivable? Net accounts receivable $