Pina Colada Supply Company sells many products. Gizmo is one of its popular items. Belowis an analysis of the inventory purchases and sales of Gizmo for the month of March. Pira Colada Company uses the periadici inventory system.

$($a$)$

Your answer is correct.

Using the FIFO assumption, calculate the amount charged to cost of goods sold for March

Cost of goods sold $5$

$16,890$

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$($b$)$

Your answer is correct.

Using the average$-$cost method, calculate the amount assigned to the irventory on hand on March $31.($Round intermediate calculation and final onswer to $0$ decimal places, es$.5,012.)$

Ending inveritory $ $$

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$(c)$

Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March $31.$

Ending inventory $5$

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