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Marigold Supply Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo
Marigold Supply Company sells many products. Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Marigold Company uses the periodic inventory system. Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ eTextbook and Media Attempts: 1 of 3 used Using the average-cost method, calculate the amount assigned to the inventory on hand on March 31. (Round intermediate calculation and final answer to 0 decimal places, e.g. 5,012.) Ending inventory $ Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Ending inventory
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