KZ company sells many products. Below is analysis of the inventory purchase and sales one product for the month of March 80 units $30. Prepare the multiple step income statement for March

Units $50 500 200 40 50 $7053, Soo 500 Student ID: 2018 2017 KZ Company sells many products. Below is an analysis of the inventory purchases and sales Assignment 3 CLO4 one product for the month of March. KZ Company uses the periodic inventory system. Purchases Price/Unit Units Sales Unit Cost 3/1 Selling Beginning inventory 3/3 Purchase $30 = 1,336 3/3 Purchase returns $50 3,00 3/4 Sales (10) 3/10 Purchase 90 3/16 $80 $60 12,00 Sales 3/19 Sales 100 $85 3/19 Sales returns 50 $90 3/25 Sales 20 $90 3/30 Purchase $100 Instructions 3) Using the FIFO assumption, calculate the mount charged to cost of goods sold and ending! inventory for March. Using the LIFO assumption, calculate the amount charged to cost of goods sold and ending inventory for March. . Using the weighted average method, calculate the amount assigned to the cost of goods sold and ending inventory for March Prepare the multiple step income statement for March, given that operating expenses are $20,000. Gonor a validesuo - 300 -sales E300. Euting inventory = 100 380-300 Inventory Cos = 3508 888 36 51836 Be Average cost GoX 5o = 3000 EX 5o = 500 Average cost prea aritza Sox so = 9000 3o 14036 360 O 6,500 inventory cas Toox is 24,360300X43 = 12,900 cos