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Question 10 Flounder Company sells many products. Gizmo is one Company uses the perpetual inventory system. its popular items. Below is an analysis of the

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Question 10 Flounder Company sells many products. Gizmo is one Company uses the perpetual inventory system. its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for the month of March. Flounder Sales Selling Price/Unit Purchases Units Unit Cost 140 $55 84 $60 Units 84 $120 280 $65 3/1 Beginning inventory 3/3 Purchase 3/4 Sales 3/10 Purchase 3/16 Sales 3/19 Sales 3/25 Sales 3/30 Purchase 126 $130 $130 98 29 $130 56 $75 Using the FIFO assumption, calculate the an charged to cost of goods sold for March Cost of goods sold 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 March 31. (Round average cost per unit to 3 decimal places, c.0.5.25 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 Using the LIFO assumption, calculate the amount charged to cost of goods sold for March. Cost of goods sold

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