LaBBC Company has provided the following information from their records:

Purchases Sales

Units Unit Cost Units Selling Price/Unit

Mar 1 Beginning inventory 100 $50

3 Purchase 60 $60

4 Sales 70 $100

10 Purchase 200 $70

16 Sales 80 $110

19 Sales 80 $110

25 Sales 50 $110

30 Purchase 40 $75

Using the inventory and sales data above, to complete the below inventory schedule under average cost method and prepare the journal entries to record the sales on March 4. All sales are made on credit.

Inventory Schedule - Average Cost
	PURCHASES			COST OF GOODS SOLD			BALANCE
Date	Units	Cost	Total	Units	Cost	Total	Units	Cost	Total