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D Company, a car dealer, reported the following March purchases and sales of car batteries. The company uses the perpetual inventory system. Date Purchased Units

D Company, a car dealer, reported the following March purchases and sales of car batteries.

The company uses the perpetual inventory system.

Date Purchased Units Sold
March No Units Unit Cost No Units Unit Cost
1 Beginning Inventory 15 3,000
10 Sales 9 5,000
20 Purchases 22 3,500
25 Sales 18 6,000
30 Purchases 9 3,750
Total 46 27

The ending inventory for specific

identification follows:

Units
March 30 purchases 8
March 20 purchases 10
March 1 1

Determine the following for the month of March using, specific identification, weighted average, and FIFO.

1. Cost of ending inventory

2. Cost of Goods Sold

3. Gross profit

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