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Craig Ltd. began the month of March with 928 units in inventory with a total cost of $2,320. The company uses a perpetual inventory system
Craig Ltd. began the month of March with 928 units in inventory with a total cost of $2,320. The company uses a perpetual inventory system and had the following transactions during the month of March: Total Cost $7,308 Mar. 7 Unit Cost $3.15/unit $3.20/unit Purchased 2,320 units $5,200 Mar. 12 Mar. 15 Mar. 21 Mar. 26 Purchased 1,625 units Sold 1,270 units at $6.60/unit Purchased 930 units Sold 1,392 units at $6.60/unit $3.70/unit $3,441 (a) Determine Craig's cost of goods available for sale for March. Cost of goods available for sale
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