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Current Attempt in Progress The following information relates to Good Kitchen Ltd's inventory transactions during the month of March. Cost/Unit $19.00 Amount $115,900 Mar. 1
Current Attempt in Progress The following information relates to Good Kitchen Ltd's inventory transactions during the month of March. Cost/Unit $19.00 Amount $115,900 Mar. 1 7 12 16 18 27 29 Beginning inventory Sale Purchase Purchase Sale Purchase Sale Units 6,100 4,200 2,300 800 2,400 4,200 3,200 $21.00 $21.00 $48,300 $16,800 $26.00 $ 109,200 All of the units sold were priced at $61.00 per unit. (a1) Good Kitchen Ltd. uses the periodic inventory system. Calculate Good Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using FIFO. Cost of Goods Sold $ Gross margin $ Ending Inventory $ Save for Later Attempts: 0 of 2 used Submit
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