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MN Fill out the yellow highlighted area and see how to calculate cost of goods sold and ending inventory costs. Sales-Total Units Purchases-Units and Unit Costs March Balance 3000$8.00 8.40 8.20 March 14 25 7000 5000 6000 Compute the inventory at March 31 on each of the following bases ( first-our (FIFO) 12) ist-out (LIFO) (3) Tage-oost 12 Purchases-Units and Unit Costs Unit Cost Total Cost March 1 Balance 3000 800 $24,000 8 40 $42,000 6000 @8.20 t 49.200 Date 5000 Cost of Good Available for Sa 14000 Sales for March, all a $14.00 per unit tot aled 11,000 units le aving 3,000 units on hand at the end of March Endinig Inventory (3,000 units) 21 22 0 First-in, first-out (FFO) 23 Cost of Goods Sold Ending Inwentory Purchases-Units and Unit Costs Unit Cost Total Cost 800 $ 24,000 840 42.000 Unit Cost Total Unit Cost Total Cos Units Units 26 8.00 March 1 Balance 3000 8.00 s 27 8.40 42,000 8.20 $49,200 840 $ 8.20 5000 6000 14000115200 820 49,200 115 200 Last-in, first-our (LIFO Ending Ihventory 13,000 units) Cost of Goods Sold Unit Cost Inventory Purchases-Uhits and Unit Costs Total Cost Unit Cost Total Unit Cost Total Cost Units 3000 800 24,000 840 42,000 8.20 49.200 March 1 Balance 100 @ 8.00$-24,00 5000 6000 $8,00 840 8.20 8.40 42,000 8.20 49,200 6000 43 44 13) Average cost Ending Inwentoy 13,000 units) Ending Invontory Cost of Goods Sold Purchases-Units and Unit Costs Average Cos Total Cost Average Cos Total Unit Cost Total C March 1 Balance 3000 500 800 $24,000 8.40 $42,000 8.20 49,200 6000 of Good Available for Sa 4000 Sheet1 Ready