Hilda Company reports the following information regarding merchandise inventory for March.

ACCT 201 Case Fall 2020 Page 4 Question 3: Hilda Company reports the following information regarding merchandise inventory for March. Assume Hilda uses the periodic system and that 250 units of merchandise were on hand on March 31. Date Explanation Units Unit Cost Total Cost March 1 Inventory 200 $50 $ 10,000 March 9 Purchase 300 60 18,000 March 16 Purchase 400 70 28,000 March 28 Purchase 100 BO 8,000 a What is the cost of goods available for sale for March? How many units of inventory were available for sale during March? What is the cost of ending inventory under FIFO? d How much is cost of goods sold under LIFO? e If Hilda Company has sales of $80,000 in March and uses the weighted average method, how much is the gross profit for March? Show your calculations in the space below