Lester company sells many products.

Question Lester Company sells many products. Hackenberry, is one of its popular items. Below is an analysis of the inventory purchases and sales of Hackenberry for the month of March. Lester Company uses the periodic inventory system. Purchases Sales Units Unit Cost Units Selling Price/Unit 3/1 Beginning inventory 100 $40 3/3 Purchase 60 $50 3/4 Sales 70 $80 3/10 Purchase 200 3/16 Sales 80 $90 3/19 Sales 60 $90 3/25 Sales $90 3/30 Purchase Instructions (a) Using the FIFO assumption, calculate to cost of goods sold for March. (Show computations) (b) Using the weighted average to the inventory on hand on March 31. (Show computations) (c) Using the LIFO assum (Show computations) inventory on hand on March 31