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Kona Inc. had the following purchases and sales during March. - On Mar. 3, purchased 100 units at $50. - On Mar. 10, purchased 200
Kona Inc. had the following purchases and sales during March. - On Mar. 3, purchased 100 units at $50. - On Mar. 10, purchased 200 units at $55. - On Mar 17, purchased 60 units at $60. - On Mar. 25 sold 345 units. - Note that on Mar 1, Kona had beginning inventory of 100 units that were purchased at $45 per unit. Instructions: Using the inventory and sales data above, calculate the dollar value assigned to cost of goods sold in March and to the ending inventory at March 31 using (a) FIFO, (b) LIFO, and (c) Average cost. Important: Do NOT enter dollar signs or punctuation. For example, enter $5,500 as 5500
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