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Sarasota Company sells many products, Gizmo is one of its popular items. Below is an analysis of the inventory purchases and sales of Gizmo for
Sarasota 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, Sarasota Company uses the perpetual inventory system. Sales Units Purchases Unit Units Cost 230 $55 138 $60 Selling Price/Unit 138 $120 460 $65 3/1 3/3 3/4 3/10 3/16 3/19 3/25 3/30 Beginning inventory Purchase Sales Purchase Sales Sales Sales Purchase 207 161 115 $130 $130 $130 92 $75 (d) Your answer has been saved. See score details after the due date. Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. (d) Your answer has been saved. See score details after the due date. Using the LIFO assumption, calculate the amount assigned to the inventory on hand on March 31. Amount assigned to the inventory $ 18285 Attempts: 1 of 1 used (e) M Using the LIFO assumption, calculate the amount charged to cost of goods sold for March QU M Cost of goods sold $ Que Save for Later Attempts: 0 of 1 used Submit Answer Que M
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