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Craig Ltd. began the month of March with 912 units in inventory with a total cost of $ 2,280. The company uses a perpetual inventory
Craig Ltd. began the month of March with 912 units in inventory with a total cost of $ 2,280. The company uses a perpetual inventory system and had the following transactions during the month of March: Unit Cost Total Cost Mar. 7 Purchased 2,280 units $ 3.25/unit $7,410 Mar. 12 $ 3.25/unit $5,187 Purchased 1,596 units Sold 1,254 units at $ 6.50/unit Mar. 15 Mar. 21 Purchased 910 units $ 3.70/unit $3,367 Mar. 26 Sold 1,368 units at $ 6.50/unit Determine Craig'scostof goods available for sale for March. Costof 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 Odecimal places, e.g. 61,053.) Cost of goods sold $ Valueofending 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-outcost flow assumption. {Round answers to decimal places, e.g. 125.) Costof goods sold $ Value ofending inventory $
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