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Monty Company sells many products. Game is one of its popular items. Below is an analysis of the inventory purchases and sales of Game for
Monty Company sells many products. Game is one of its popular items. Below is an analysis of the inventory purchases and sales of Game for the month of March Monty Company to the perpetual inventory system Units Purchases Units Unit Cost 180 555 100 $60 Sales Selling Price/Unit Sales 100 $120 3 360 565 2/1 Beginning inventory 3/3 Purchase 3/4 9/10 Purchase 3/16 Sales 2/19 Sales 3/25 Sales Purchase Its by Study 162 126 90 $130 5130 5130 3/30 72 175 Using the FIFO assumption calculate the amount charged to cost of goods sold for March Cost of goods sold Using the FIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold LINK TO TEXT Using the FIFO assumption, calculate the value of ending inventory for March. Ending Inventory LINK TO TEXT Using the moving average cost method, calculate the amount assigned to the inventory on hand on M e.g. 5.254 and final answer to 2 decimal places, e.g. 2,520.56.) Amount assigned to the inventory LINK TO TEXT Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Amount assigned to the inventory LINK TO TEXT Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Amount assigned to the inventory $ LINK TO TEXT Using the LIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold $ LINK TO TEXT
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