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Craig Ltd. began the month of March with 896 units in inventory with a total cost of $ 2,240. The company uses a perpetual inventory

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Craig Ltd. began the month of March with 896 units in inventory with a total cost of $ 2,240. The company uses a perpetual inventory system and had the following transactions during the month of March: Unit Cost Total Cost Mar. 7 $ 3.25/unit $7,280 $ 5,181 Mar. 12 $3.30/unit Mar. 15 Purchased 2,240 units Purchased 1,570 units Sold 1,230 units at $ 7.30/unit Purchased 896 units Sold 1,344 units at $ 7.30/unit Mar. 21 $3.50/unit $3,136 Mar. 26 Determine Craig's cost of goods available for sale for March. Cost of goods available for sale $ 15.597 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 O decimal places, e.g. 61,053.) Cost of goods sold $ Value of ending inventory $ Determine the cost of goods sold for the month of March and the value of inventory at the end of the month assuming that Craig Ltd. uses the first-in, first-out cost flow assumption. (Round answers to decimal places, eg. 125.) Cost of goods sold $ $ Value of ending inventory $ $

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