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The Bollon Company sells many products. Gizmp is one of ils popular items. Below is an analysis of the inventory purchases and sales of Gizmp

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The Bollon Company sells many products. Gizmp is one of ils popular items. Below is an analysis of the inventory purchases and sales of Gizmp for the month of March. The perpetual inventory system is used. INSTRUCTIONS (a) Using the FIFO assumption, calculate the amount charged to cost of goods sold and the value of ending inventory for March (b) Using the LIFO assumption, calculate the amount charged to cost of goods sold and the value of ending inventory for March (c) Using the moving average cost method, calculate the amount assigned to ending inventory

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