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The following information relates to Good Kitchen Ltd.'s inventory transactions during the month of March. Units Cost/Unit Amount Mar. Beginning inventory 6,000 $17.00 $102,000 7
The following information relates to Good Kitchen Ltd.'s inventory transactions during the month of March. Units Cost/Unit Amount Mar. Beginning inventory 6,000 $17.00 $102,000 7 Sale 4,300 12 Purchase 2,800 $19.00 $53,200 16 Purchase 700 $19.00 $13,300 18 Sale 2,100 27 Purchase 4,000 $24.00 $96,000 29 Sale 3,800 All of the units sold were priced at $64.00 per unit. Good Kitchen Ltd. uses the perpetual inventory system. Calculate Good Kitchen's cost of goods sold, gross margin, and ending inventory for the month of March using weighted-average. (Round calculations for cost per unit to 2 decimal places, e.g. 10.52 and final answers to O decimal places, e.g. 61,052.) Cost of Goods Sold $ Gross margin Ending Inventory LA
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